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Qatari (QE) Banks Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.4%
  • 3M-5.1%
  • 1Y9.1%
  • YTD-4.8%

The Banks industry has been flat over the last week, but Commercial Bank (P.S.Q.C.) has lost 9.5%. The past year has been better, since the industry has gained 9.1% in that time. As for the next few years, earnings are expected to grow by 8.5% per annum.

Industry Valuation and Performance

Has the Qatari Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026ر.ق305.9bر.ق70.3bر.ق28.5b11.2x10.7x4.4x
Thu, 19 Feb 2026ر.ق341.3bر.ق70.2bر.ق28.5b11.5x12x4.9x
Sat, 17 Jan 2026ر.ق334.3bر.ق70.7bر.ق28.6b12x11.7x4.7x
Mon, 15 Dec 2025ر.ق322.2bر.ق69.9bر.ق28.5b11.4x11.3x4.6x
Wed, 12 Nov 2025ر.ق325.0bر.ق69.9bر.ق28.5b11.5x11.4x4.7x
Fri, 10 Oct 2025ر.ق319.1bر.ق69.8bر.ق28.6b12.4x11.2x4.6x
Sun, 07 Sep 2025ر.ق325.2bر.ق69.5bر.ق28.7b12.6x11.3x4.7x
Tue, 05 Aug 2025ر.ق323.6bر.ق69.5bر.ق28.7b12.6x11.3x4.7x
Thu, 03 Jul 2025ر.ق307.1bر.ق69.3bر.ق28.5b11.8x10.8x4.4x
Sat, 31 May 2025ر.ق299.4bر.ق69.3bر.ق28.5b11.3x10.5x4.3x
Mon, 28 Apr 2025ر.ق286.2bر.ق69.3bر.ق28.5b10.8x10x4.1x
Wed, 26 Mar 2025ر.ق282.8bر.ق69.2bر.ق28.4b10.8x9.9x4.1x
Fri, 21 Feb 2025ر.ق298.8bر.ق69.2bر.ق28.4b11.5x10.5x4.3x
Sun, 19 Jan 2025ر.ق295.4bر.ق69.4bر.ق28.4b10.9x10.4x4.3x
Tue, 17 Dec 2024ر.ق301.8bر.ق69.0bر.ق27.9b11.6x10.8x4.4x
Thu, 14 Nov 2024ر.ق298.4bر.ق69.0bر.ق27.9b11.5x10.7x4.3x
Sat, 12 Oct 2024ر.ق300.7bر.ق68.4bر.ق27.9b11.8x10.8x4.4x
Mon, 09 Sep 2024ر.ق283.5bر.ق68.9bر.ق27.6b11.6x10.3x4.1x
Wed, 07 Aug 2024ر.ق275.4bر.ق68.9bر.ق27.6b11.6x10x4x
Fri, 05 Jul 2024ر.ق272.2bر.ق67.3bر.ق27.2b11.7x10x4x
Sun, 02 Jun 2024ر.ق250.6bر.ق67.3bر.ق27.2b11x9.2x3.7x
Tue, 30 Apr 2024ر.ق262.9bر.ق67.1bر.ق27.1b11.8x9.7x3.9x
Thu, 28 Mar 2024ر.ق271.0bر.ق64.0bر.ق26.5b12.5x10.2x4.2x
Sat, 24 Feb 2024ر.ق284.5bر.ق64.0bر.ق26.5b13.1x10.7x4.4x
Mon, 22 Jan 2024ر.ق294.9bر.ق62.1bر.ق25.9b12.8x11.4x4.7x
Wed, 20 Dec 2023ر.ق286.4bر.ق61.7bر.ق25.6b12.5x11.2x4.6x
Fri, 17 Nov 2023ر.ق289.2bر.ق61.7bر.ق25.6b12.3x11.3x4.7x
Sun, 15 Oct 2023ر.ق282.9bر.ق59.0bر.ق25.3b12.6x11.2x4.8x
Tue, 12 Sep 2023ر.ق284.1bر.ق56.9bر.ق25.1b12.5x11.3x5x
Thu, 10 Aug 2023ر.ق304.8bر.ق56.9bر.ق25.0b13.6x12.2x5.4x
Sat, 08 Jul 2023ر.ق291.9bر.ق54.8bر.ق24.8b13.9x11.8x5.3x
Mon, 05 Jun 2023ر.ق294.1bر.ق54.2bر.ق24.7b14x11.9x5.4x
Wed, 03 May 2023ر.ق282.6bر.ق50.6bر.ق23.7b12.2x11.9x5.6x
Fri, 31 Mar 2023ر.ق290.4bر.ق48.2bر.ق23.4b12.5x12.4x6x
Price to Earnings Ratio

12.4x


Total Market Cap: ر.ق290.4bTotal Earnings: ر.ق23.4bTotal Revenue: ر.ق48.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Banks Industry Price to Earnings3Y Average 10.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Qatari Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.4% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Qatari Financials industry?

QA Market0.026%
Financials-0.27%
Banks-0.38%
Diversified Banks-0.35%
Regional Banks-0.81%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.6x.
    • Analysts are expecting annual earnings growth of 9.9%, which is lower than the prior year's growth of 30.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
QNBK Qatar National Bank (Q.P.S.C.)ر.ق17.510.06%
+ر.ق91.1m		10.1%PB1.3x
QFBQ Lesha Bankر.ق1.793.1%
+ر.ق59.4m		44.4%PB1.3x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق22.220.09%
+ر.ق47.3m		9.3%PB1.6x
ABQK Ahli Bank Q.P.S.Cر.ق3.900.2%
+ر.ق15.3m		15.1%PB1.1x

Latest News

MARK
ر.ق2.17
AlRayan Bank Q.P.S.C
7D
-1.5%
1Y
-5.8%

MARK: Dividend Stability And Recent Approval Will Support Future Returns

Analysts have kept their QAR fair value estimate for AlRayan Bank Q.P.S.C. broadly unchanged, with only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This has led to a stable overall price target and indicates that their core view on the bank remains intact.
QIIK
ر.ق11.11
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.4%
1Y
10.0%

QIIK: Additional Dividend Proposal And Steady Margins Will Support A Fairly Valued Outlook

Analysts have maintained their QAR 11.73 price target for Qatar International Islamic Bank (Q.P.S.C), citing essentially stable fair value estimates, discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations. What's in the News The Board of Directors recommended an additional cash dividend of 29% of the nominal value per share, equal to QAR 0.29 per share, for Qatar International Islamic Bank (Q.P.S.C) shareholders (Key Developments).
QNBK
ر.ق17.51
Qatar National Bank (Q.P.S.C.)
7D
0.06%
1Y
10.1%
DHBK
ر.ق3.24
Doha Bank Q.P.S.C
7D
-2.4%
1Y
69.4%

DHBK: Future Returns Will Balance Cash Dividend Prospects With Margin And P/E Adjustments

Analysts have kept their QAR fair value estimate for Doha Bank Q.P.S.C. broadly unchanged around QAR 3.03, with only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E feeding into the latest price target update. What's in the News An ordinary general meeting is scheduled for April 2, 2026, to consider a recommended cash dividend of QAR 0.15 per share for shareholders (Key Developments).
DUBK
ر.ق3.43
Dukhan Bank Q.P.S.C
7D
-1.7%
1Y
-2.5%
CBQK
ر.ق4.20
Commercial Bank (P.S.Q.C.)
7D
-1.8%
1Y
0.4%

CBQK: Lower Future P/E Will Likely Cap An Overextended Earnings Profile

Analysts have lowered their price target for Commercial Bank (P.S.Q.C.) to QAR 3.40 from QAR 3.58, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E multiples. Valuation Changes Fair Value: QAR 3.58 has been revised to QAR 3.40, indicating a small reduction in the estimated valuation per share.
ABQK
ر.ق3.90
Ahli Bank Q.P.S.C
7D
0.2%
1Y
15.1%
QIBK
ر.ق22.22
Qatar Islamic Bank (Q.P.S.C.)
7D
0.09%
1Y
9.3%
QFBQ
ر.ق1.79
Lesha Bank
7D
3.1%
1Y
44.4%

Lesha Bank's (DSM:QFBQ) Dividend Will Be Increased To QAR0.06

Feb 04
Lesha Bank's (DSM:QFBQ) Dividend Will Be Increased To QAR0.06