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Qatari (QE) Banks Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies9
  • 7D0.7%
  • 3M-5.4%
  • 1Y8.9%
  • YTD8.4%

Over the last 7 days, the Banks industry has risen 1.1%, driven by gains from Qatar National Bank (Q.P.S.C.) of 1.4%. This means that the industry has gained 7.5% over the past year. As for the next few years, earnings are expected to grow by 9.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Nov 2025ر.ق322.7bر.ق69.9bر.ق28.5b11.7x11.3x4.6x
Sat, 11 Oct 2025ر.ق319.1bر.ق69.8bر.ق28.6b12.4x11.2x4.6x
Mon, 08 Sep 2025ر.ق325.2bر.ق69.5bر.ق28.7b12.7x11.3x4.7x
Wed, 06 Aug 2025ر.ق327.2bر.ق69.5bر.ق28.7b12.8x11.4x4.7x
Fri, 04 Jul 2025ر.ق308.8bر.ق69.3bر.ق28.5b11.9x10.8x4.5x
Sun, 01 Jun 2025ر.ق299.4bر.ق69.3bر.ق28.5b11.3x10.5x4.3x
Tue, 29 Apr 2025ر.ق287.0bر.ق69.3bر.ق28.5b10.8x10.1x4.1x
Thu, 27 Mar 2025ر.ق282.8bر.ق69.2bر.ق28.4b10.9x9.9x4.1x
Sat, 22 Feb 2025ر.ق298.8bر.ق69.2bر.ق28.4b11.5x10.5x4.3x
Mon, 20 Jan 2025ر.ق293.6bر.ق69.4bر.ق28.4b11.1x10.3x4.2x
Wed, 18 Dec 2024ر.ق300.4bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Fri, 15 Nov 2024ر.ق298.4bر.ق69.0bر.ق27.9b11.6x10.7x4.3x
Sun, 13 Oct 2024ر.ق300.7bر.ق68.4bر.ق27.9b11.8x10.8x4.4x
Tue, 10 Sep 2024ر.ق281.9bر.ق68.9bر.ق27.6b11.6x10.2x4.1x
Thu, 08 Aug 2024ر.ق276.3bر.ق68.9bر.ق27.6b11.6x10x4x
Sat, 06 Jul 2024ر.ق272.2bر.ق67.3bر.ق27.2b11.7x10x4x
Mon, 03 Jun 2024ر.ق252.0bر.ق67.3bر.ق27.2b11.7x9.3x3.7x
Wed, 01 May 2024ر.ق262.6bر.ق67.1bر.ق27.1b11.8x9.7x3.9x
Fri, 29 Mar 2024ر.ق271.2bر.ق64.0bر.ق26.5b13.3x10.2x4.2x
Sun, 25 Feb 2024ر.ق284.5bر.ق64.0bر.ق26.5b13.1x10.7x4.4x
Tue, 23 Jan 2024ر.ق297.0bر.ق62.1bر.ق25.9b12.8x11.5x4.8x
Thu, 21 Dec 2023ر.ق289.3bر.ق61.7bر.ق25.6b12.5x11.3x4.7x
Sat, 18 Nov 2023ر.ق289.2bر.ق61.7bر.ق25.6b12.3x11.3x4.7x
Mon, 16 Oct 2023ر.ق281.4bر.ق59.0bر.ق25.3b12.6x11.1x4.8x
Wed, 13 Sep 2023ر.ق283.6bر.ق56.9bر.ق25.1b12.5x11.3x5x
Fri, 11 Aug 2023ر.ق303.3bر.ق56.9bر.ق25.0b13.5x12.1x5.3x
Sun, 09 Jul 2023ر.ق291.9bر.ق54.8bر.ق24.8b13.9x11.8x5.3x
Tue, 06 Jun 2023ر.ق294.9bر.ق54.7bر.ق24.8b14x11.9x5.4x
Thu, 04 May 2023ر.ق289.6bر.ق54.3bر.ق24.9b13.7x11.6x5.3x
Sat, 01 Apr 2023ر.ق290.4bر.ق48.2bر.ق23.4b12.5x12.4x6x
Mon, 27 Feb 2023ر.ق291.9bر.ق48.0bر.ق23.5b12.5x12.4x6.1x
Wed, 25 Jan 2023ر.ق303.4bر.ق46.9bر.ق23.1b12.7x13.1x6.5x
Fri, 23 Dec 2022ر.ق299.5bر.ق44.8bر.ق22.6b13x13.3x6.7x
Sun, 20 Nov 2022ر.ق329.9bر.ق44.8bر.ق22.6b14x14.6x7.4x
Price to Earnings Ratio

14.6x


Total Market Cap: ر.ق329.9bTotal Earnings: ر.ق22.6bTotal Revenue: ر.ق44.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Banks Industry Price to Earnings3Y Average 11.1x202320242025
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 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 8.0% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market1.01%
Financials0.72%
Banks0.68%
Diversified Banks0.82%
Regional Banks-1.40%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.2x.
    • Analysts are expecting annual earnings growth of 11.7%, which is lower than the prior year's growth of 18.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.4% 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.ق18.801.6%
+ر.ق2.7b		9.4%PB1.4x
DHBK Doha Bank Q.P.S.Cر.ق2.696.7%
+ر.ق527.1m		45.4%PB0.5x
ABQK Ahli Bank Q.P.S.Cر.ق3.661.0%
+ر.ق89.3m		1.6%PB1.1x

Latest News

QNBK
ر.ق18.80
Qatar National Bank (Q.P.S.C.)
7D
1.6%
1Y
9.4%

QNBK: Expansion Into Digital Banking Will Drive Long-Term Earnings Potential

Analysts have raised their price target for Qatar National Bank (Q.P.S.C.) from QAR 21.25 to QAR 21.60, reflecting improved revenue growth forecasts that compensate for slightly lower profit margins. What's in the News Qatar National Bank (Q.P.S.C.) provided earnings guidance for 2025, noting that if interest rates decline by about 1% annually, net interest income could decrease by QAR 600 million to QAR 800 million if no mitigating actions are taken (Key Developments).
DUBK
ر.ق3.48
Dukhan Bank Q.P.S.C
7D
-1.4%
1Y
-5.4%
MARK
ر.ق2.33
AlRayan Bank Q.P.S.C
7D
-0.4%
1Y
-1.9%

MARK: Digitization And Diversification Will Secure Lasting Banking Advantage

Analysts have lowered their price target for AlRayan Bank Q.P.S.C., reducing the fair value estimate from QAR 2.69 to QAR 2.57. They cite a marginally softer revenue outlook and a slightly reduced discount rate, while maintaining a positive view on the company's profitability.
CBQK
ر.ق4.12
Commercial Bank (P.S.Q.C.)
7D
-1.5%
1Y
-0.6%

CBQK: Digital Expansion And Qatari Infrastructure Will Drive Long-Term Gains

Analysts have revised their price target for Commercial Bank (P.S.Q.C.) slightly downward from QAR 4.99 to QAR 4.88 because of adjustments to growth forecasts and profitability estimates. Valuation Changes The fair value estimate has decreased slightly from QAR 4.99 to QAR 4.88.
DHBK
ر.ق2.69
Doha Bank Q.P.S.C
7D
6.7%
1Y
45.4%

DHBK: Lower Discount Rate Will Drive Stronger Long-Term Performance

Analysts have increased their price target for Doha Bank Q.P.S.C. from QAR 2.87 to QAR 2.97, citing improved revenue growth expectations and a lowered discount rate. Together, these factors enhance the company's fair value outlook.
QIBK
ر.ق24.62
Qatar Islamic Bank (Q.P.S.C.)
7D
-0.7%
1Y
18.1%

QIBK: Earnings Outlook And Margins Expected To Sustain Fair Valuation

Analysts have modestly increased their price target for Qatar Islamic Bank (Q.P.S.C.) to QAR 26.08 from QAR 25.54. They cite improvements in projected profit margins and a more optimistic outlook on future earnings as reasons for this adjustment.
QFBQ
ر.ق1.77
Lesha Bank
7D
-1.0%
1Y
29.5%
ABQK
ر.ق3.66
Ahli Bank Q.P.S.C
7D
1.0%
1Y
1.6%
QIIK
ر.ق11.25
Qatar International Islamic Bank (Q.P.S.C)
7D
-0.9%
1Y
6.8%