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Qatari (QE) Banks Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies9
  • 7D0.8%
  • 3M-5.7%
  • 1Y7.1%
  • YTD-5.7%

In the last week, the Banks industry is flat overall, with Ahli Bank Q.P.S.C standing out by going down 7.4%. As for the the longer term, the industry is up 7.1% over the past 12 months. Looking forward, earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026ر.ق303.0bر.ق70.3bر.ق28.5b10.6x10.6x4.3x
Tue, 03 Mar 2026ر.ق330.0bر.ق70.3bر.ق28.5b11.1x11.6x4.7x
Thu, 29 Jan 2026ر.ق339.5bر.ق70.3bر.ق28.4b12.6x12x4.8x
Sat, 27 Dec 2025ر.ق321.5bر.ق69.9bر.ق28.5b11.8x11.3x4.6x
Mon, 24 Nov 2025ر.ق311.1bر.ق69.9bر.ق28.5b11.3x10.9x4.5x
Wed, 22 Oct 2025ر.ق317.0bر.ق69.9bر.ق28.4b12.5x11.2x4.5x
Fri, 19 Sep 2025ر.ق331.8bر.ق69.5bر.ق28.7b13x11.6x4.8x
Sun, 17 Aug 2025ر.ق341.2bر.ق69.5bر.ق28.7b13.2x11.9x4.9x
Tue, 15 Jul 2025ر.ق306.0bر.ق69.6bر.ق28.6b12x10.7x4.4x
Thu, 12 Jun 2025ر.ق306.2bر.ق69.3bر.ق28.5b11.9x10.7x4.4x
Sat, 10 May 2025ر.ق298.6bر.ق69.3bر.ق28.5b11.4x10.5x4.3x
Mon, 07 Apr 2025ر.ق285.0bر.ق69.2bر.ق28.4b10.9x10x4.1x
Wed, 05 Mar 2025ر.ق294.2bر.ق69.2bر.ق28.4b11.1x10.3x4.2x
Fri, 31 Jan 2025ر.ق295.7bر.ق69.4bر.ق28.4b11.1x10.4x4.3x
Sun, 29 Dec 2024ر.ق298.8bر.ق69.0bر.ق27.9b11.4x10.7x4.3x
Tue, 26 Nov 2024ر.ق296.0bر.ق69.0bر.ق27.9b11.4x10.6x4.3x
Thu, 24 Oct 2024ر.ق296.1bر.ق68.8bر.ق27.9b11.5x10.6x4.3x
Sat, 21 Sep 2024ر.ق296.4bر.ق68.9bر.ق27.6b11.7x10.7x4.3x
Mon, 19 Aug 2024ر.ق280.6bر.ق68.9bر.ق27.6b11.6x10.2x4.1x
Wed, 17 Jul 2024ر.ق276.2bر.ق68.2bر.ق27.5b11.7x10.1x4x
Fri, 14 Jun 2024ر.ق259.6bر.ق67.3bر.ق27.2b12.1x9.6x3.9x
Sun, 12 May 2024ر.ق260.0bر.ق67.3bر.ق27.2b11.7x9.6x3.9x
Tue, 09 Apr 2024ر.ق269.0bر.ق64.0bر.ق26.5b12.2x10.1x4.2x
Thu, 07 Mar 2024ر.ق280.1bر.ق64.0bر.ق26.5b12.4x10.6x4.4x
Sat, 03 Feb 2024ر.ق284.5bر.ق63.3bر.ق26.5b13.1x10.7x4.5x
Mon, 01 Jan 2024ر.ق299.1bر.ق61.7bر.ق25.6b12.6x11.7x4.8x
Wed, 29 Nov 2023ر.ق286.2bر.ق61.7bر.ق25.6b12.3x11.2x4.6x
Fri, 27 Oct 2023ر.ق263.2bر.ق59.6bر.ق25.4b12.6x10.4x4.4x
Sun, 24 Sep 2023ر.ق279.3bر.ق56.9bر.ق25.1b12.5x11.1x4.9x
Tue, 22 Aug 2023ر.ق298.8bر.ق56.9bر.ق25.1b13.2x11.9x5.2x
Thu, 20 Jul 2023ر.ق292.2bر.ق55.8bر.ق25.2b13.9x11.6x5.2x
Sat, 17 Jun 2023ر.ق293.0bر.ق54.8bر.ق24.8b13.6x11.8x5.3x
Mon, 15 May 2023ر.ق298.1bر.ق54.2bر.ق24.7b14x12.1x5.5x
Wed, 12 Apr 2023ر.ق289.6bر.ق49.2bر.ق23.7b12.6x12.2x5.9x
Price to Earnings Ratio

12.2x


Total Market Cap: ر.ق289.6bTotal Earnings: ر.ق23.7bTotal Revenue: ر.ق49.2bTotal 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 4.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.7% 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 Market0.72%
Financials0.65%
Banks0.75%
Regional Banks2.10%
Diversified Banks0.66%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.5x.
    • 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 10.6x.
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.ق17.122.6%
+ر.ق4.0b		10.7%PB1.3x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.322.4%
+ر.ق416.9m		5.4%PB0.6x
DUBK Dukhan Bank Q.P.S.Cر.ق3.451.8%
+ر.ق316.9m		-2.3%PB1.2x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق10.870.5%
+ر.ق75.7m		11.5%PB1.6x
QFBQ Lesha Bankر.ق1.803.7%
+ر.ق71.7m		49.0%PB1.3x

Latest News

CBQK
ر.ق4.32
Commercial Bank (P.S.Q.C.)
7D
2.4%
1Y
5.4%
DHBK
ر.ق2.77
Doha Bank Q.P.S.C
7D
-12.6%
1Y
46.0%

DHBK: Future Returns Will Balance India Exit Plans With Dividend And Margin Expectations

Analysts have kept their QAR price target for Doha Bank Q.P.S.C. broadly steady at QAR 3.03, with only marginal adjustments to inputs such as discount rate, revenue growth, profit margin, and future P/E to reflect slightly refined assumptions rather than a change in overall view. What's in the News Board meeting on March 25, 2026 to consider shifting Doha Bank Q.P.S.C.'s India presence from full branches to a representative office and to proceed with a gradual exit from branch operations in India, subject to regulatory approvals (Key Developments).
QIBK
ر.ق22.41
Qatar Islamic Bank (Q.P.S.C.)
7D
-0.2%
1Y
13.5%
QNBK
ر.ق17.12
Qatar National Bank (Q.P.S.C.)
7D
2.6%
1Y
10.7%

QNBK: Custody Partnership And Buybacks Will Support Future Earnings Resilience

Analysts have trimmed their QAR price target for Qatar National Bank (Q.P.S.C.) from QAR22.82 to QAR22.50, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples, while keeping the overall risk outlook broadly similar. What's in the News QNB Group and State Street Corporation signed a co operation agreement at the World Economic Forum in Davos to develop a new custody servicing model in Qatar, aiming to combine State Street's global custody scale with QNB's local market expertise for institutional clients (Key Developments).
MARK
ر.ق2.17
AlRayan Bank Q.P.S.C
7D
-0.2%
1Y
0.4%

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.ق10.87
Qatar International Islamic Bank (Q.P.S.C)
7D
0.5%
1Y
11.5%

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).
DUBK
ر.ق3.45
Dukhan Bank Q.P.S.C
7D
1.8%
1Y
-2.3%
ABQK
ر.ق3.72
Ahli Bank Q.P.S.C
7D
-7.0%
1Y
10.8%
QFBQ
ر.ق1.80
Lesha Bank
7D
3.7%
1Y
49.0%

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