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Qatari (QE) Banks Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies9
  • 7D0.2%
  • 3M5.7%
  • 1Y14.6%
  • YTD4.0%

Over the last 7 days, the Banks industry has risen 1.7%, driven by gains from Qatar National Bank (Q.P.S.C.) of 0.4%. This means that the industry has gained 14% over the past year. Looking forward, earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026ر.ق334.1bر.ق70.5bر.ق28.9b12.1x11.6x4.7x
Wed, 17 Dec 2025ر.ق318.6bر.ق69.9bر.ق28.5b11.4x11.2x4.6x
Fri, 14 Nov 2025ر.ق316.9bر.ق69.9bر.ق28.5b11.3x11.1x4.5x
Sun, 12 Oct 2025ر.ق319.0bر.ق70.0bر.ق28.6b12.4x11.2x4.6x
Tue, 09 Sep 2025ر.ق325.3bر.ق69.5bر.ق28.7b12.6x11.3x4.7x
Thu, 07 Aug 2025ر.ق327.8bر.ق69.5bر.ق28.7b12.6x11.4x4.7x
Sat, 05 Jul 2025ر.ق308.8bر.ق69.3bر.ق28.5b11.9x10.8x4.5x
Mon, 02 Jun 2025ر.ق301.7bر.ق69.3bر.ق28.5b11.4x10.6x4.4x
Wed, 30 Apr 2025ر.ق289.6bر.ق69.3bر.ق28.5b11x10.2x4.2x
Fri, 28 Mar 2025ر.ق284.0bر.ق69.2bر.ق28.4b10.9x10x4.1x
Sun, 23 Feb 2025ر.ق298.8bر.ق69.2bر.ق28.4b11.5x10.5x4.3x
Tue, 21 Jan 2025ر.ق292.5bر.ق69.4bر.ق28.4b11x10.3x4.2x
Thu, 19 Dec 2024ر.ق300.4bر.ق69.0bر.ق27.9b11.5x10.8x4.4x
Sat, 16 Nov 2024ر.ق297.3bر.ق69.0bر.ق27.9b11.6x10.6x4.3x
Mon, 14 Oct 2024ر.ق299.9bر.ق68.4bر.ق27.9b11.8x10.8x4.4x
Wed, 11 Sep 2024ر.ق284.3bر.ق68.9bر.ق27.6b11.6x10.3x4.1x
Fri, 09 Aug 2024ر.ق275.9bر.ق68.9bر.ق27.6b11.6x10x4x
Sun, 07 Jul 2024ر.ق272.2bر.ق67.3bر.ق27.2b11.7x10x4x
Tue, 04 Jun 2024ر.ق253.1bر.ق67.3bر.ق27.2b11.7x9.3x3.8x
Thu, 02 May 2024ر.ق262.2bر.ق67.1bر.ق27.1b11.8x9.7x3.9x
Sat, 30 Mar 2024ر.ق271.2bر.ق64.0bر.ق26.5b13.3x10.2x4.2x
Mon, 26 Feb 2024ر.ق284.1bر.ق64.0bر.ق26.5b13x10.7x4.4x
Wed, 24 Jan 2024ر.ق295.2bر.ق62.1bر.ق25.9b12.8x11.4x4.7x
Fri, 22 Dec 2023ر.ق292.7bر.ق61.7bر.ق25.6b12.5x11.4x4.7x
Sun, 19 Nov 2023ر.ق288.7bر.ق61.7bر.ق25.6b12.3x11.3x4.7x
Tue, 17 Oct 2023ر.ق281.4bر.ق59.0bر.ق25.3b12.6x11.1x4.8x
Thu, 14 Sep 2023ر.ق283.1bر.ق56.9bر.ق25.1b12.6x11.3x5x
Sat, 12 Aug 2023ر.ق303.4bر.ق56.9bر.ق25.0b13.5x12.1x5.3x
Mon, 10 Jul 2023ر.ق291.6bر.ق54.8bر.ق24.8b13.9x11.8x5.3x
Wed, 07 Jun 2023ر.ق290.7bر.ق54.7bر.ق24.8b14x11.7x5.3x
Fri, 05 May 2023ر.ق298.9bر.ق54.3bر.ق24.9b13.8x12x5.5x
Sun, 02 Apr 2023ر.ق290.4bر.ق48.2bر.ق23.4b12.5x12.4x6x
Tue, 28 Feb 2023ر.ق294.2bر.ق48.0bر.ق23.5b12.5x12.5x6.1x
Thu, 26 Jan 2023ر.ق303.4bر.ق46.9bر.ق23.1b12.7x13.1x6.5x
Price to Earnings Ratio

13.1x


Total Market Cap: ر.ق303.4bTotal Earnings: ر.ق23.1bTotal Revenue: ر.ق46.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Banks Industry Price to Earnings3Y Average 11x202420252026
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 11.0x.
  • 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 7.5% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.29%
Financials0.15%
Banks0.21%
Diversified Banks0.26%
Regional Banks-0.45%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.4x.
    • 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, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.3% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.3% 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.ق19.750.4%
+ر.ق558.6m		18.6%PB1.5x
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق24.670.5%
+ر.ق307.2m		20.0%PB1.7x
MARK AlRayan Bank Q.P.S.Cر.ق2.281.0%
+ر.ق204.6m		-6.1%PB0.8x
QIIK Qatar International Islamic Bank (Q.P.S.C)ر.ق11.570.7%
+ر.ق121.1m		10.5%PB1.8x

Latest News

QIBK
ر.ق24.67
Qatar Islamic Bank (Q.P.S.C.)
7D
0.5%
1Y
20.0%
QIIK
ر.ق11.57
Qatar International Islamic Bank (Q.P.S.C)
7D
0.7%
1Y
10.5%
QNBK
ر.ق19.75
Qatar National Bank (Q.P.S.C.)
7D
0.4%
1Y
18.6%
ABQK
ر.ق3.71
Ahli Bank Q.P.S.C
7D
-0.2%
1Y
7.5%
QFBQ
ر.ق1.85
Lesha Bank
7D
-1.0%
1Y
42.1%
MARK
ر.ق2.28
AlRayan Bank Q.P.S.C
7D
1.0%
1Y
-6.1%

MARK: Stable Margins And Slightly Lower P/E Will Support Future Upside

Analysts have slightly reduced their price target for AlRayan Bank Q.P.S.C., reflecting small adjustments to fair value, discount rate, and forward P/E assumptions, while keeping revenue growth and profit margin expectations broadly consistent. Valuation Changes Fair Value: Trimmed marginally from QAR 2.56575 to QAR 2.56075, indicating a very small reduction in the estimated equity value per share.
CBQK
ر.ق4.47
Commercial Bank (P.S.Q.C.)
7D
-1.0%
1Y
4.0%
DHBK
ر.ق2.90
Doha Bank Q.P.S.C
7D
-2.9%
1Y
42.3%

DHBK: Future Returns Will Reflect Stable Margins And Fine Tuned Risk Assumptions

Analysts have kept their fair value estimate for Doha Bank Q.P.S.C. unchanged, with only small adjustments to inputs such as the discount rate and forward P/E. This reflects fine tuning of their assumptions rather than a shift in their overall view.
DUBK
ر.ق3.57
Dukhan Bank Q.P.S.C
7D
-0.4%
1Y
-1.8%