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Qatari (QE) Banks Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies9
  • 7D-4.7%
  • 3M-2.9%
  • 1Y6.0%
  • YTD-4.5%

Over the last 7 days, the Banks industry has dropped 2.6%, driven by a pullback from Qatar National Bank (Q.P.S.C.) of 3.0%. On the other hand Doha Bank Q.P.S.C is actually up 5.4%. In the past year, the industry has gained 7.6%. As for the next few years, earnings are expected to grow by 8.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026ر.ق306.9bر.ق70.3bر.ق28.5b11.2x10.8x4.4x
Fri, 13 Feb 2026ر.ق345.3bر.ق70.3bر.ق28.5b11.7x12.1x4.9x
Sun, 11 Jan 2026ر.ق328.7bر.ق69.9bر.ق28.5b12.2x11.5x4.7x
Tue, 09 Dec 2025ر.ق317.6bر.ق69.9bر.ق28.5b11.3x11.2x4.5x
Thu, 06 Nov 2025ر.ق320.5bر.ق69.9bر.ق28.5b11.7x11.3x4.6x
Sat, 04 Oct 2025ر.ق313.8bر.ق69.5bر.ق28.7b12.2x10.9x4.5x
Mon, 01 Sep 2025ر.ق327.9bر.ق69.5bر.ق28.7b12.7x11.4x4.7x
Wed, 30 Jul 2025ر.ق322.6bر.ق69.5bر.ق28.7b12.5x11.3x4.6x
Fri, 27 Jun 2025ر.ق305.2bر.ق69.3bر.ق28.5b11.8x10.7x4.4x
Sun, 25 May 2025ر.ق308.5bر.ق69.3bر.ق28.5b12x10.8x4.5x
Tue, 22 Apr 2025ر.ق281.7bر.ق69.4bر.ق28.4b10.7x9.9x4.1x
Thu, 20 Mar 2025ر.ق287.5bر.ق69.2bر.ق28.4b10.9x10.1x4.2x
Sat, 15 Feb 2025ر.ق295.7bر.ق69.2bر.ق28.4b11.4x10.4x4.3x
Mon, 13 Jan 2025ر.ق294.3bر.ق69.0bر.ق27.9b11.3x10.5x4.3x
Wed, 11 Dec 2024ر.ق300.1bر.ق69.0bر.ق27.9b11.4x10.7x4.4x
Fri, 08 Nov 2024ر.ق300.3bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Sun, 06 Oct 2024ر.ق297.4bر.ق68.9bر.ق27.6b11.8x10.8x4.3x
Tue, 03 Sep 2024ر.ق286.5bر.ق68.9bر.ق27.6b11.7x10.4x4.2x
Thu, 01 Aug 2024ر.ق277.3bر.ق68.9bر.ق27.6b11.8x10.1x4x
Sat, 29 Jun 2024ر.ق268.0bر.ق67.3bر.ق27.2b11.7x9.9x4x
Mon, 27 May 2024ر.ق250.4bر.ق67.3bر.ق27.2b11.7x9.2x3.7x
Wed, 24 Apr 2024ر.ق261.9bر.ق66.4bر.ق26.9b11.9x9.7x3.9x
Fri, 22 Mar 2024ر.ق279.9bر.ق64.0bر.ق26.5b12.7x10.5x4.4x
Sun, 18 Feb 2024ر.ق280.0bر.ق64.0bر.ق26.5b12.2x10.6x4.4x
Tue, 16 Jan 2024ر.ق298.3bر.ق61.7bر.ق25.8b12.5x11.5x4.8x
Thu, 14 Dec 2023ر.ق273.5bر.ق61.7bر.ق25.6b11.8x10.7x4.4x
Sat, 11 Nov 2023ر.ق283.5bر.ق61.7bر.ق25.6b12.3x11.1x4.6x
Mon, 09 Oct 2023ر.ق275.9bر.ق56.9bر.ق25.0b12.6x11x4.8x
Wed, 06 Sep 2023ر.ق279.6bر.ق56.9bر.ق25.1b12.6x11.2x4.9x
Fri, 04 Aug 2023ر.ق306.5bر.ق56.9bر.ق25.0b13.8x12.2x5.4x
Sun, 02 Jul 2023ر.ق283.5bر.ق54.8bر.ق24.8b13.4x11.4x5.2x
Tue, 30 May 2023ر.ق141.0bر.ق27.7bر.ق11.2b14.8x12.6x5.1x
Thu, 27 Apr 2023ر.ق278.7bر.ق50.6bر.ق23.7b12.3x11.8x5.5x
Sat, 25 Mar 2023ر.ق283.1bر.ق48.0bر.ق23.5b12.4x12x5.9x
Price to Earnings Ratio

12x


Total Market Cap: ر.ق283.1bTotal Earnings: ر.ق23.5bTotal Revenue: ر.ق48.0bTotal 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 6.6% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market-3.23%
Financials-4.62%
Banks-4.73%
Regional Banks-2.74%
Diversified Banks-4.87%
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 8.3% 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
DHBK Doha Bank Q.P.S.Cر.ق3.246.9%
+ر.ق651.1m		66.2%PB0.6x
ABQK Ahli Bank Q.P.S.Cر.ق3.901.0%
+ر.ق94.4m		15.0%PB1.1x
QFBQ Lesha Bankر.ق1.792.8%
+ر.ق53.8m		42.9%PB1.3x

Latest News

QNBK
ر.ق17.51
Qatar National Bank (Q.P.S.C.)
7D
-4.7%
1Y
8.8%

QNBK: Custody Alliance And Buybacks Will Support Future Earnings Resilience

Analysts have nudged their QAR-based fair value estimate for Qatar National Bank (Q.P.S.C.) slightly higher from QAR 22.64 to QAR 22.82, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E expectations. What's in the News QNB Group and State Street Corporation announced a custody-focused alliance at the World Economic Forum in Davos, aiming to introduce a new custody servicing model in Qatar and to combine State Street's global reach with QNB's local custody and asset-servicing capabilities (Key Developments).
DHBK
ر.ق3.24
Doha Bank Q.P.S.C
7D
6.9%
1Y
66.2%
ABQK
ر.ق3.90
Ahli Bank Q.P.S.C
7D
1.0%
1Y
15.0%
MARK
ر.ق2.17
AlRayan Bank Q.P.S.C
7D
-6.4%
1Y
-6.4%

MARK: Dividend Outlook And Meeting Date Will Shape Future Returns

Analysts have adjusted their price target on AlRayan Bank Q.P.S.C. slightly lower, reducing it by QAR0.08 to reflect updated assumptions around fair value, revenue trends, profit margins, the discount rate and future P/E expectations. What's in the News AlRayan Bank Q.P.S.C. announced an annual dividend of QAR 0.1100 per share, with an ex-date set for March 16, 2026, and a record date of March 15, 2026 (Key Developments).
QIIK
ر.ق11.11
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.8%
1Y
7.0%

QIIK: Dividend Proposal And Margin Outlook Will Shape A Fairly Valued Profile

Analysts have lifted their QAR price target for Qatar International Islamic Bank (Q.P.S.C) from QAR 10.98 to QAR 11.73, reflecting updated assumptions around a smaller revenue contraction, a slightly higher profit margin, a revised discount rate, and a marginally lower future P/E multiple. 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) (Key Developments).
QIBK
ر.ق22.22
Qatar Islamic Bank (Q.P.S.C.)
7D
-1.7%
1Y
7.9%
CBQK
ر.ق4.20
Commercial Bank (P.S.Q.C.)
7D
-11.3%
1Y
-6.5%

CBQK: Improved Pricing Assumptions And Forward P/E Will Support Further Upside

Analysts have lifted their price target for Commercial Bank (P.S.Q.C.) from QAR 4.83 to QAR 5.12, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and forward P/E, which together point to a modestly higher valuation range. Valuation Changes Fair Value: QAR 4.83 to QAR 5.12, a small upward adjustment in the estimated equity value per share.
DUBK
ر.ق3.43
Dukhan Bank Q.P.S.C
7D
-2.6%
1Y
-3.9%
QFBQ
ر.ق1.79
Lesha Bank
7D
2.8%
1Y
42.9%

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