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Qatari (QE) Market Analysis & Valuation

UpdatedJan 23, 2025
DataAggregated Company Financials
Companies54
  • 7D1.6%
  • 3M1.5%
  • 1Y3.1%
  • YTD0.6%

The market is up 1.6% over the last week, with the Industrials sector leading the way, up 3.1%. In the last year, the market has climbed 3.1%. Earnings are forecast to grow by 6.9% annually.

Market Valuation and Performance

Has the Qatari Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jan 2025ر.ق620.9bر.ق192.2bر.ق48.5b13.4x12.8x3.2x
Sun, 22 Dec 2024ر.ق619.4bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Tue, 19 Nov 2024ر.ق620.0bر.ق191.7bر.ق48.0b13.3x12.9x3.2x
Thu, 17 Oct 2024ر.ق631.9bر.ق190.0bر.ق47.4b13.6x13.3x3.3x
Sat, 14 Sep 2024ر.ق602.6bر.ق190.9bر.ق46.9b13.3x12.8x3.2x
Mon, 12 Aug 2024ر.ق575.3bر.ق190.5bر.ق46.5b12.9x12.4x3x
Wed, 10 Jul 2024ر.ق587.2bر.ق189.6bر.ق46.6b13.1x12.6x3.1x
Fri, 07 Jun 2024ر.ق552.9bر.ق188.6bر.ق46.3b12.9x11.9x2.9x
Sun, 05 May 2024ر.ق552.4bر.ق188.5bر.ق45.8b13.2x12.1x2.9x
Tue, 02 Apr 2024ر.ق572.5bر.ق184.7bر.ق45.6b13.6x12.6x3.1x
Thu, 29 Feb 2024ر.ق604.3bر.ق184.2bر.ق46.3b13.7x13.1x3.3x
Sat, 27 Jan 2024ر.ق601.2bر.ق186.5bر.ق45.7b14.3x13.1x3.2x
Mon, 25 Dec 2023ر.ق602.2bر.ق185.6bر.ق45.2b14x13.3x3.2x
Wed, 22 Nov 2023ر.ق596.0bر.ق185.6bر.ق45.2b14.4x13.2x3.2x
Fri, 20 Oct 2023ر.ق579.0bر.ق185.6bر.ق45.5b13.4x12.7x3.1x
Sun, 17 Sep 2023ر.ق605.8bر.ق185.0bر.ق45.5b14.3x13.3x3.3x
Tue, 15 Aug 2023ر.ق629.4bر.ق183.6bر.ق45.4b14.5x13.9x3.4x
Thu, 13 Jul 2023ر.ق599.9bر.ق185.9bر.ق46.6b13.9x12.9x3.2x
Sat, 10 Jun 2023ر.ق599.6bر.ق185.9bر.ق45.9b14.6x13.1x3.2x
Mon, 08 May 2023ر.ق624.9bر.ق187.3bر.ق48.3b13.9x12.9x3.3x
Wed, 05 Apr 2023ر.ق603.3bر.ق175.0bر.ق46.8b13.5x12.9x3.4x
Fri, 03 Mar 2023ر.ق611.5bر.ق185.6bر.ق47.5b13.7x12.9x3.3x
Sun, 29 Jan 2023ر.ق630.7bر.ق186.9bر.ق49.0b14.9x12.9x3.4x
Tue, 27 Dec 2022ر.ق621.4bر.ق183.0bر.ق48.0b14.4x13x3.4x
Thu, 24 Nov 2022ر.ق665.1bر.ق183.0bر.ق48.2b15.4x13.8x3.6x
Sat, 22 Oct 2022ر.ق704.2bر.ق183.1bر.ق48.5b15.6x14.5x3.8x
Mon, 19 Sep 2022ر.ق726.7bر.ق177.7bر.ق48.0b16.9x15.1x4.1x
Wed, 17 Aug 2022ر.ق764.8bر.ق179.1bر.ق46.1b17.9x16.6x4.3x
Fri, 15 Jul 2022ر.ق660.3bر.ق173.2bر.ق44.7b16.9x14.8x3.8x
Sun, 12 Jun 2022ر.ق732.6bر.ق172.1bر.ق44.7b18.4x16.4x4.3x
Tue, 10 May 2022ر.ق754.7bر.ق169.6bر.ق44.3b17.3x17x4.5x
Thu, 07 Apr 2022ر.ق777.5bر.ق166.8bر.ق42.3b18.9x18.4x4.7x
Sat, 05 Mar 2022ر.ق777.5bر.ق167.5bر.ق42.9b18.3x18.1x4.6x
Mon, 31 Jan 2022ر.ق725.8bر.ق159.3bر.ق38.8b43.5x18.7x4.6x
Price to Earnings Ratio

18.7x


Total Market Cap: ر.ق725.8bTotal Earnings: ر.ق38.8bTotal Revenue: ر.ق159.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 13.8x202320242025
Current Market PE
  • Investors are relatively neutral on the Qatari market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 13.8x.
Past Earnings Growth
  • The earnings for Qatari listed companies have grown 7.3% per year over the last three years.
  • Revenues for these companies have grown 6.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Qatari Market?

QA Market1.65%
Consumer Discretionary18.14%
Real Estate6.21%
Materials5.44%
Telecom5.07%
Industrials3.11%
Tech2.45%
Energy2.36%
Utilities1.94%
Healthcare1.80%
Consumer Staples1.20%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Financials-0.47%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 34.1x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 11% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Industrials sector is expected to see its earnings grow by 2.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
IQCD Industries Qatar Q.P.S.Cر.ق13.562.9%
+ر.ق2.3b
11.1%PE16.6xIndustrials
ORDS Ooredoo Q.P.S.Cر.ق12.995.7%
+ر.ق2.2b
21.4%PE12.7xTelecom
ERES Ezdan Holding Group Q.P.S.Cر.ق1.026.9%
+ر.ق1.8b
23.4%PE320.9xReal Estate
MPHC Mesaieed Petrochemical Holding Company Q.P.S.Cر.ق1.555.1%
+ر.ق942.2m
-9.6%PE24.2xMaterials
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.555.2%
+ر.ق914.7m
-18.4%PB0.7xFinancials
See more
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Market Insights

Earnings season is underway, which means analysts will probably be adjusting their earnings estimates and price targets over the next few months. As it stands, there’s a big difference between...

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GWCS

ر.ق3.18

Gulf Warehousing Company Q.P.S.C

7D

-2.2%

1Y

-2.8%

MPHC

ر.ق1.55

Mesaieed Petrochemical Holding Company Q.P.S.C

7D

5.1%

1Y

-9.6%

QIBK

ر.ق20.46

Qatar Islamic Bank (Q.P.S.C.)

7D

-1.4%

1Y

2.6%

QNBK

ر.ق16.60

Qatar National Bank (Q.P.S.C.)

7D

-1.2%

1Y

3.4%

MARK

ر.ق2.50

Masraf Al Rayan (Q.P.S.C.)

7D

3.3%

1Y

1.9%

DUBK

ر.ق3.60

Dukhan Bank Q.P.S.C

7D

-1.4%

1Y

-9.9%

ORDS

ر.ق12.99

Ooredoo Q.P.S.C

7D

5.7%

1Y

21.4%

QAMC

ر.ق1.34

Qatar Aluminium Manufacturing Company Q.P.S.C

7D

9.1%

1Y

4.0%