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Qatari (QE) Banks Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies9
  • 7D1.7%
  • 3M6.1%
  • 1Y16.5%
  • YTD6.3%

In the last week, the Banks industry is up 1.7%, with Qatar National Bank (Q.P.S.C.) up 2.9%. In the last 12 months, the industry was up 16%. 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
Sun, 08 Feb 2026ر.ق341.7bر.ق70.3bر.ق28.5b11.7x12x4.9x
Tue, 06 Jan 2026ر.ق327.5bر.ق69.9bر.ق28.5b12.3x11.5x4.7x
Thu, 04 Dec 2025ر.ق315.3bر.ق69.9bر.ق28.5b11.4x11.1x4.5x
Sat, 01 Nov 2025ر.ق318.9bر.ق69.9bر.ق28.5b11.8x11.2x4.6x
Mon, 29 Sep 2025ر.ق317.5bر.ق69.5bر.ق28.7b12.6x11.1x4.6x
Wed, 27 Aug 2025ر.ق335.2bر.ق69.5bر.ق28.7b13.2x11.7x4.8x
Fri, 25 Jul 2025ر.ق323.8bر.ق69.5bر.ق28.7b13x11.3x4.7x
Sun, 22 Jun 2025ر.ق296.4bر.ق69.3bر.ق28.5b11.4x10.4x4.3x
Tue, 20 May 2025ر.ق306.1bر.ق69.3bر.ق28.5b11.9x10.7x4.4x
Thu, 17 Apr 2025ر.ق284.6bر.ق69.5bر.ق28.5b11.1x10x4.1x
Sat, 15 Mar 2025ر.ق292.1bر.ق69.2bر.ق28.4b10.7x10.3x4.2x
Mon, 10 Feb 2025ر.ق294.4bر.ق69.4bر.ق28.4b11.2x10.4x4.2x
Wed, 08 Jan 2025ر.ق298.6bر.ق69.0bر.ق27.9b11.4x10.7x4.3x
Fri, 06 Dec 2024ر.ق298.2bر.ق69.0bر.ق27.9b11.5x10.7x4.3x
Sun, 03 Nov 2024ر.ق299.5bر.ق69.0bر.ق27.9b11.6x10.7x4.3x
Tue, 01 Oct 2024ر.ق300.9bر.ق68.9bر.ق27.6b12x10.9x4.4x
Thu, 29 Aug 2024ر.ق279.3bر.ق68.9bر.ق27.6b11.6x10.1x4.1x
Sat, 27 Jul 2024ر.ق275.6bر.ق68.9bر.ق27.6b11.8x10x4x
Mon, 24 Jun 2024ر.ق261.0bر.ق67.3bر.ق27.2b11.7x9.6x3.9x
Wed, 22 May 2024ر.ق260.8bر.ق67.3bر.ق27.2b11.7x9.6x3.9x
Fri, 19 Apr 2024ر.ق265.4bر.ق66.3bر.ق26.8b11.9x9.9x4x
Sun, 17 Mar 2024ر.ق282.0bر.ق64.0bر.ق26.5b12.7x10.6x4.4x
Tue, 13 Feb 2024ر.ق276.4bر.ق64.0bر.ق26.6b12.7x10.4x4.3x
Thu, 11 Jan 2024ر.ق299.5bر.ق61.7bر.ق25.6b13.6x11.7x4.9x
Sat, 09 Dec 2023ر.ق283.0bر.ق61.7bر.ق25.6b11.8x11.1x4.6x
Mon, 06 Nov 2023ر.ق277.6bر.ق61.7bر.ق25.5b11.8x10.9x4.5x
Wed, 04 Oct 2023ر.ق280.2bر.ق56.9bر.ق25.0b12.9x11.2x4.9x
Fri, 01 Sep 2023ر.ق287.0bر.ق56.9bر.ق25.1b12.8x11.5x5x
Sun, 30 Jul 2023ر.ق306.7bر.ق56.9bر.ق25.0b13.8x12.2x5.4x
Tue, 27 Jun 2023ر.ق283.5bر.ق54.8bر.ق24.8b13.4x11.4x5.2x
Thu, 25 May 2023ر.ق295.8bر.ق54.2bر.ق24.7b14x12x5.5x
Sat, 22 Apr 2023ر.ق275.3bر.ق50.5bر.ق23.6b12.2x11.7x5.5x
Mon, 20 Mar 2023ر.ق280.6bر.ق48.0bر.ق23.5b12.1x11.9x5.8x
Wed, 15 Feb 2023ر.ق272.9bر.ق48.1bر.ق23.6b11.2x11.6x5.7x
Price to Earnings Ratio

11.6x


Total Market Cap: ر.ق272.9bTotal Earnings: ر.ق23.6bTotal Revenue: ر.ق48.1bTotal 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 6.5% 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 Market0.60%
Financials1.72%
Banks1.67%
Diversified Banks1.91%
Regional Banks-2.13%
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.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.5% over the next 5 years.
  • This is better than its past earnings growth rate of 5.2% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.5% 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.ق20.341.2%
+ر.ق2.2b		23.0%PB1.5x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.831.6%
+ر.ق315.7m		5.9%PB0.7x
MARK AlRayan Bank Q.P.S.Cر.ق2.341.3%
+ر.ق269.7m		-1.3%PB0.8x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق25.100.4%
+ر.ق259.9m		21.1%PB1.8x
DHBK Doha Bank Q.P.S.Cر.ق2.882.6%
+ر.ق226.3m		40.6%PB0.6x

Latest News

MARK
ر.ق2.34
AlRayan Bank Q.P.S.C
7D
1.3%
1Y
-1.3%

MARK: Higher Margin Assumptions And Lower P/E Will Shape Future Returns

Analysts have adjusted their price targets for AlRayan Bank Q.P.S.C., reflecting updated assumptions that now combine a slightly lower discount rate, weaker revenue growth expectations, a higher profit margin of about 95% and a modestly lower forward P/E of roughly 24.5x. What's in the News A board meeting is scheduled for January 21, 2026, to consider approval of AlRayan Bank Q.P.S.C.'s 2025 financial results (Key Developments).
DUBK
ر.ق3.53
Dukhan Bank Q.P.S.C
7D
-1.3%
1Y
-4.8%
QFBQ
ر.ق1.84
Lesha Bank
7D
-0.9%
1Y
38.9%

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
CBQK
ر.ق4.83
Commercial Bank (P.S.Q.C.)
7D
1.6%
1Y
5.9%

CBQK: Higher Forward P/E Will Likely Sustain An Overstretched Earnings Profile

Analysts have nudged their price target for Commercial Bank (P.S.Q.C.) higher from QAR 3.43 to about QAR 3.50, citing updated assumptions around the discount rate, revenue growth, profit margin, and forward P/E that slightly adjust the bank’s risk and earnings profile. Valuation Changes Fair Value: The analyst fair value estimate has edged higher from QAR 3.43 to QAR 3.50.
DHBK
ر.ق2.88
Doha Bank Q.P.S.C
7D
2.6%
1Y
40.6%

DHBK: Future Returns Will Balance Modest Upside With Dividend And Margin Uncertainty

Analysts have slightly raised their fair value estimate for Doha Bank Q.P.S.C. to what they view as an updated price target of QAR 3.10 per share, up from QAR 3.07, reflecting refreshed assumptions on discount rate, revenue growth, profit margin and future P/E levels. What's in the News A board meeting is scheduled for January 19, 2026, to consider a recommendation for cash dividends of QAR 0.15 per share.
QIIK
ر.ق11.51
Qatar International Islamic Bank (Q.P.S.C)
7D
0.3%
1Y
7.4%
QNBK
ر.ق20.34
Qatar National Bank (Q.P.S.C.)
7D
1.2%
1Y
23.0%
QIBK
ر.ق25.10
Qatar Islamic Bank (Q.P.S.C.)
7D
0.4%
1Y
21.1%

QIBK: Updated Assumptions Will Support A Steady Yet Cautious Fair Value Outlook

Analysts have made a small upward revision to their fair value estimate for Qatar Islamic Bank (Q.P.S.C.) to QAR26.27 from QAR26.20, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value Estimate was revised slightly higher from QAR26.20 to QAR26.27.
ABQK
ر.ق3.82
Ahli Bank Q.P.S.C
7D
-0.5%
1Y
10.0%