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Qatari (QE) Banks Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.7%
  • 3M-2.0%
  • 1Y6.9%
  • YTD-2.6%

In the last week, Banks has been flat. The past year has been better, since the industry has gained 6.9% in that time. Earnings are forecast to grow by 8.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026ر.ق313.1bر.ق70.3bر.ق28.5b11x11x4.5x
Thu, 05 Feb 2026ر.ق342.9bر.ق70.1bر.ق28.4b11.9x12.1x4.9x
Sat, 03 Jan 2026ر.ق320.1bر.ق69.9bر.ق28.5b12.1x11.2x4.6x
Mon, 01 Dec 2025ر.ق309.3bر.ق69.9bر.ق28.5b11.4x10.9x4.4x
Wed, 29 Oct 2025ر.ق318.2bر.ق70.0bر.ق28.5b11.9x11.2x4.5x
Fri, 26 Sep 2025ر.ق317.3bر.ق69.5bر.ق28.7b12.4x11.1x4.6x
Sun, 24 Aug 2025ر.ق332.8bر.ق69.5bر.ق28.7b13.1x11.6x4.8x
Tue, 22 Jul 2025ر.ق315.3bر.ق69.5bر.ق28.6b12.3x11x4.5x
Thu, 19 Jun 2025ر.ق297.3bر.ق69.3bر.ق28.5b11.6x10.4x4.3x
Sat, 17 May 2025ر.ق301.9bر.ق69.3bر.ق28.5b11.5x10.6x4.4x
Mon, 14 Apr 2025ر.ق281.0bر.ق69.5bر.ق28.5b11x9.8x4x
Wed, 12 Mar 2025ر.ق293.7bر.ق69.2bر.ق28.4b10.6x10.3x4.2x
Fri, 07 Feb 2025ر.ق295.4bر.ق69.4bر.ق28.4b11.2x10.4x4.3x
Sun, 05 Jan 2025ر.ق302.9bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Tue, 03 Dec 2024ر.ق296.8bر.ق69.0bر.ق27.9b11.4x10.6x4.3x
Thu, 31 Oct 2024ر.ق298.5bر.ق69.0bر.ق27.9b11.6x10.7x4.3x
Sat, 28 Sep 2024ر.ق299.1bر.ق68.9bر.ق27.6b11.7x10.8x4.3x
Mon, 26 Aug 2024ر.ق278.3bر.ق68.9bر.ق27.6b11.6x10.1x4x
Wed, 24 Jul 2024ر.ق275.1bر.ق68.9bر.ق27.6b12x10x4x
Fri, 21 Jun 2024ر.ق260.1bر.ق67.3bر.ق27.2b11.9x9.6x3.9x
Sun, 19 May 2024ر.ق261.5bر.ق67.3bر.ق27.2b12.5x9.6x3.9x
Tue, 16 Apr 2024ر.ق267.9bر.ق65.9bر.ق26.8b12.2x10x4.1x
Thu, 14 Mar 2024ر.ق281.4bر.ق64.0bر.ق26.5b12.7x10.6x4.4x
Sat, 10 Feb 2024ر.ق280.5bر.ق63.8bر.ق26.5b11.7x10.6x4.4x
Mon, 08 Jan 2024ر.ق300.0bر.ق61.7bر.ق25.6b13.7x11.7x4.9x
Wed, 06 Dec 2023ر.ق285.2bر.ق61.7bر.ق25.6b11.8x11.2x4.6x
Fri, 03 Nov 2023ر.ق272.3bر.ق60.6bر.ق25.5b12.8x10.7x4.5x
Sun, 01 Oct 2023ر.ق280.1bر.ق56.9bر.ق25.0b12.5x11.2x4.9x
Tue, 29 Aug 2023ر.ق291.6bر.ق56.9bر.ق25.1b12.9x11.6x5.1x
Thu, 27 Jul 2023ر.ق302.7bر.ق56.7bر.ق25.1b13.4x12.1x5.3x
Sat, 24 Jun 2023ر.ق284.7bر.ق54.8bر.ق24.8b13.4x11.5x5.2x
Mon, 22 May 2023ر.ق300.9bر.ق54.2bر.ق24.7b14x12.2x5.6x
Wed, 19 Apr 2023ر.ق275.6bر.ق49.8bر.ق23.7b12.2x11.6x5.5x
Fri, 17 Mar 2023ر.ق279.5bر.ق48.0bر.ق23.5b11.9x11.9x5.8x
Price to Earnings Ratio

11.9x


Total Market Cap: ر.ق279.5bTotal 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-1.90%
Financials-0.62%
Banks-0.68%
Regional Banks0.86%
Diversified Banks-0.79%
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
QNBK Qatar National Bank (Q.P.S.C.)ر.ق18.774.2%
+ر.ق6.8b		13.6%PB1.4x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق22.702.3%
+ر.ق1.2b		7.7%PB1.6x
MARK AlRayan Bank Q.P.S.Cر.ق2.355.4%
+ر.ق1.1b		1.3%PB0.8x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.264.3%
+ر.ق696.3m		4.7%PB1.7x
DHBK Doha Bank Q.P.S.Cر.ق3.026.3%
+ر.ق555.0m		51.7%PB0.6x

Latest News

ABQK
ر.ق3.84
Ahli Bank Q.P.S.C
7D
1.0%
1Y
13.5%
MARK
ر.ق2.28
AlRayan Bank Q.P.S.C
7D
1.4%
1Y
-1.4%

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.ق11.08
Qatar International Islamic Bank (Q.P.S.C)
7D
2.6%
1Y
2.7%

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).
DHBK
ر.ق2.97
Doha Bank Q.P.S.C
7D
4.6%
1Y
48.9%

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

Analysts have trimmed their QAR fair value estimate for Doha Bank Q.P.S.C. from QAR3.10 to QAR3.03, reflecting slightly lower modeled revenue growth and a marginally reduced future P/E multiple, partly offset by a small uplift in projected profit margins. What's in the News A board meeting is scheduled for January 19, 2026, with an agenda that includes recommending a cash dividend of QAR 0.15 per share for shareholders to consider (Key Developments).
QIBK
ر.ق22.50
Qatar Islamic Bank (Q.P.S.C.)
7D
-0.4%
1Y
7.1%
CBQK
ر.ق4.63
Commercial Bank (P.S.Q.C.)
7D
0.3%
1Y
1.3%

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.
QNBK
ر.ق18.00
Qatar National Bank (Q.P.S.C.)
7D
-2.0%
1Y
7.8%

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.ق3.50
Dukhan Bank Q.P.S.C
7D
0.9%
1Y
-2.4%
QFBQ
ر.ق1.75
Lesha Bank
7D
0.9%
1Y
42.4%

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