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Qatari (QE) Banks Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies9
  • 7D-2.5%
  • 3M5.2%
  • 1Y13.0%
  • YTD2.7%

Over the last 7 days, the Banks industry has dropped 2.5%, driven by a pullback from Qatar National Bank (Q.P.S.C.) of 9.6%. Over the past 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026ر.ق330.0bر.ق70.3bر.ق28.5b11.1x11.6x4.7x
Fri, 30 Jan 2026ر.ق336.1bر.ق70.3bر.ق28.4b12.2x11.8x4.8x
Sun, 28 Dec 2025ر.ق321.5bر.ق69.9bر.ق28.5b11.8x11.3x4.6x
Tue, 25 Nov 2025ر.ق313.6bر.ق69.9bر.ق28.5b11.2x11x4.5x
Thu, 23 Oct 2025ر.ق317.4bر.ق69.9bر.ق28.4b12.6x11.2x4.5x
Sat, 20 Sep 2025ر.ق331.8bر.ق69.5bر.ق28.7b13x11.6x4.8x
Mon, 18 Aug 2025ر.ق338.8bر.ق69.5bر.ق28.7b13.3x11.8x4.9x
Wed, 16 Jul 2025ر.ق309.2bر.ق69.6bر.ق28.6b12.1x10.8x4.4x
Fri, 13 Jun 2025ر.ق305.5bر.ق69.3bر.ق28.5b11.9x10.7x4.4x
Sun, 11 May 2025ر.ق298.6bر.ق69.3bر.ق28.5b11.4x10.5x4.3x
Tue, 08 Apr 2025ر.ق270.2bر.ق69.2bر.ق28.4b10.5x9.5x3.9x
Thu, 06 Mar 2025ر.ق294.3bر.ق69.2bر.ق28.4b10.8x10.4x4.3x
Sat, 01 Feb 2025ر.ق295.7bر.ق69.4bر.ق28.4b11.1x10.4x4.3x
Mon, 30 Dec 2024ر.ق301.6bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Wed, 27 Nov 2024ر.ق296.4bر.ق69.0bر.ق27.9b11.4x10.6x4.3x
Fri, 25 Oct 2024ر.ق296.5bر.ق68.8bر.ق27.9b11.4x10.6x4.3x
Sun, 22 Sep 2024ر.ق296.4bر.ق68.9bر.ق27.6b11.7x10.7x4.3x
Tue, 20 Aug 2024ر.ق280.0bر.ق68.9bر.ق27.6b11.6x10.1x4.1x
Thu, 18 Jul 2024ر.ق275.2bر.ق68.7bر.ق27.5b11.7x10x4x
Sat, 15 Jun 2024ر.ق260.3bر.ق67.3bر.ق27.2b12.1x9.6x3.9x
Mon, 13 May 2024ر.ق260.0bر.ق67.3bر.ق27.2b11.7x9.6x3.9x
Wed, 10 Apr 2024ر.ق269.0bر.ق65.9bر.ق26.8b12.2x10x4.1x
Fri, 08 Mar 2024ر.ق280.1bر.ق64.0bر.ق26.5b12.5x10.6x4.4x
Sun, 04 Feb 2024ر.ق284.5bر.ق63.3bر.ق26.5b13.1x10.7x4.5x
Tue, 02 Jan 2024ر.ق306.6bر.ق61.7bر.ق25.6b12.6x12x5x
Thu, 30 Nov 2023ر.ق286.5bر.ق61.7bر.ق25.6b12.3x11.2x4.6x
Sat, 28 Oct 2023ر.ق262.6bر.ق59.6bر.ق25.4b12.6x10.3x4.4x
Mon, 25 Sep 2023ر.ق279.3bر.ق56.9bر.ق25.1b12.5x11.1x4.9x
Wed, 23 Aug 2023ر.ق297.0bر.ق56.9bر.ق25.1b13.2x11.8x5.2x
Fri, 21 Jul 2023ر.ق294.3bر.ق56.7bر.ق25.1b13.9x11.7x5.2x
Sun, 18 Jun 2023ر.ق293.0bر.ق54.8bر.ق24.8b13.6x11.8x5.3x
Tue, 16 May 2023ر.ق291.1bر.ق54.2bر.ق24.7b13.8x11.8x5.4x
Thu, 13 Apr 2023ر.ق287.1bر.ق49.2bر.ق23.7b12.4x12.1x5.8x
Sat, 11 Mar 2023ر.ق298.5bر.ق48.0bر.ق23.5b12.8x12.7x6.2x
Price to Earnings Ratio

12.7x


Total Market Cap: ر.ق298.5bTotal 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-2.04%
Financials-2.29%
Banks-2.49%
Regional Banks-0.65%
Diversified Banks-2.61%
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 8.7% 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
No data available

Latest News

QIBK
ر.ق22.69
Qatar Islamic Bank (Q.P.S.C.)
7D
-7.7%
1Y
8.0%
MARK
ر.ق2.24
AlRayan Bank Q.P.S.C
7D
-5.9%
1Y
-4.7%
QNBK
ر.ق18.02
Qatar National Bank (Q.P.S.C.)
7D
-9.4%
1Y
8.6%

QNBK: Custody Alliance And Buybacks Will Support Future Earnings Resilience

Analysts have kept their QAR 22.64 price target for Qatar National Bank (Q.P.S.C.) unchanged, citing broadly stable fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their latest update. What's in the News State Street Corporation and QNB Group announced a custody servicing alliance at the World Economic Forum in Davos, aimed at introducing a new custody model in Qatar, with service agreements to be finalized later, in the presence of Qatar's Minister of Finance Ali bin Ahmed Al Kuwari (Key Developments).
DUBK
ر.ق3.42
Dukhan Bank Q.P.S.C
7D
-5.2%
1Y
-4.5%
CBQK
ر.ق4.54
Commercial Bank (P.S.Q.C.)
7D
-6.8%
1Y
-0.8%
DHBK
ر.ق2.92
Doha Bank Q.P.S.C
7D
-2.5%
1Y
48.3%

DHBK: Future Returns Will Balance Dividend Prospects With Stable Margin Outlook

Analysts have kept their price target on Doha Bank Q.P.S.C. broadly unchanged at around QAR 3.10, reflecting only very small adjustments to inputs such as the discount rate, revenue growth assumptions, profit margin and the expected future P/E multiple. What's in the News A board meeting is scheduled for January 19, 2026, for Doha Bank Q.P.S.C. to consider recommending a cash dividend distribution.
QFBQ
ر.ق1.72
Lesha Bank
7D
-8.6%
1Y
39.2%

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
QIIK
ر.ق10.94
Qatar International Islamic Bank (Q.P.S.C)
7D
-4.6%
1Y
2.2%