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Qatari (QE) Banks Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies9
  • 7D1.1%
  • 3M6.5%
  • 1Y15.3%
  • YTD5.6%

The Banks industry is up 1.1% in the last week, with Qatar Islamic Bank (Q.P.S.C.) up 4.4%. In the last 12 months, the industry was up 15%. 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
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
Fri, 10 Mar 2023ر.ق298.5bر.ق48.0bر.ق23.5b12.8x12.7x6.2x
Sun, 05 Feb 2023ر.ق285.8bر.ق48.0bر.ق23.5b12x12.1x6x
Price to Earnings Ratio

12.1x


Total Market Cap: ر.ق285.8bTotal 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 6.4% 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 Market1.11%
Financials1.07%
Banks1.08%
Diversified Banks1.14%
Regional Banks0.068%
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
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق25.000.8%
+ر.ق472.6m		21.4%PB1.8x
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.751.1%
+ر.ق202.4m		3.3%PB0.7x
ABQK Ahli Bank Q.P.S.Cر.ق3.840.8%
+ر.ق81.6m		11.2%PB1.2x

Latest News

QNBK
ر.ق19.80
Qatar National Bank (Q.P.S.C.)
7D
-2.2%
1Y
18.6%
QIBK
ر.ق25.00
Qatar Islamic Bank (Q.P.S.C.)
7D
0.8%
1Y
21.4%

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.
MARK
ر.ق2.27
AlRayan Bank Q.P.S.C
7D
-0.7%
1Y
-4.8%

MARK: Higher Future P/E And Stronger Margins Will Support Further Upside

Analysts have revised their price target on AlRayan Bank Q.P.S.C., citing a higher assumed future P/E of 26.16x and a stronger profit margin of 75.65%, while also accounting for a steeper 37.15% revenue contraction. What's in the News AlRayan Bank Q.P.S.C. has scheduled a board meeting for Jan 21, 2026.
CBQK
ر.ق4.75
Commercial Bank (P.S.Q.C.)
7D
1.1%
1Y
3.3%

CBQK: Lower Discount Rate May Still Lead To Overstretched Earnings Multiple

Analysts have nudged their price target on Commercial Bank (P.S.Q.C.) slightly higher to reflect an updated fair value estimate of QAR 3.43 per share, supported by revised assumptions around the discount rate, revenue growth, profit margin and forward P/E. Valuation Changes Fair value estimate was revised slightly higher from QAR 3.42 to QAR 3.43 per share.
DHBK
ر.ق2.76
Doha Bank Q.P.S.C
7D
-3.8%
1Y
33.4%

DHBK: Future Returns Will Reflect Slightly Higher Multiple And Stable Profitability

Analysts have lifted their price target for Doha Bank Q.P.S.C. from QAR 2.97 to QAR 3.07, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, which together point to a slightly higher assessment of the shares. Valuation Changes The fair value estimate has been adjusted from QAR 2.97 to QAR 3.07, indicating a slightly higher assessed value per share.
QIIK
ر.ق11.41
Qatar International Islamic Bank (Q.P.S.C)
7D
-3.6%
1Y
7.2%
ABQK
ر.ق3.84
Ahli Bank Q.P.S.C
7D
0.8%
1Y
11.2%
QFBQ
ر.ق1.87
Lesha Bank
7D
-0.6%
1Y
41.9%
DUBK
ر.ق3.56
Dukhan Bank Q.P.S.C
7D
-1.5%
1Y
-3.3%