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Qatari (QE) Market Analysis & Valuation

UpdatedApr 24, 2025
DataAggregated Company Financials
Companies53
  • 7D0.6%
  • 3M-3.2%
  • 1Y7.3%
  • YTD-2.1%

The market has been flat over the last week. Meanwhile, the market is actually up 7.3% over the past year. Earnings are forecast to grow by 7.5% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 24 Apr 2025ر.ق603.7bر.ق196.0bر.ق49.1b13x12.3x3.1x
Sat, 22 Mar 2025ر.ق605.7bر.ق195.8bر.ق49.1b13.1x12.3x3.1x
Mon, 17 Feb 2025ر.ق620.9bر.ق195.8bر.ق49.1b13.7x12.7x3.2x
Wed, 15 Jan 2025ر.ق609.1bر.ق191.6bر.ق48.0b12.5x12.7x3.2x
Fri, 13 Dec 2024ر.ق622.9bر.ق191.7bر.ق48.0b13.5x13x3.2x
Sun, 10 Nov 2024ر.ق627.5bر.ق191.9bر.ق48.0b13.4x13.1x3.3x
Tue, 08 Oct 2024ر.ق612.2bر.ق189.8bر.ق47.0b13.6x13x3.2x
Thu, 05 Sep 2024ر.ق596.8bر.ق190.9bر.ق46.9b13.2x12.7x3.1x
Sat, 03 Aug 2024ر.ق586.1bر.ق190.6bر.ق46.9b13.1x12.5x3.1x
Mon, 01 Jul 2024ر.ق575.4bر.ق188.6bر.ق46.3b13x12.4x3.1x
Wed, 29 May 2024ر.ق542.4bر.ق188.7bر.ق46.3b13x11.7x2.9x
Fri, 26 Apr 2024ر.ق560.7bر.ق187.4bر.ق46.1b13.4x12.2x3x
Sun, 24 Mar 2024ر.ق589.2bر.ق184.9bر.ق45.4b13.8x13x3.2x
Tue, 20 Feb 2024ر.ق594.5bر.ق184.0bر.ق46.3b14.1x12.8x3.2x
Thu, 18 Jan 2024ر.ق603.6bر.ق185.6bر.ق45.5b14.4x13.3x3.3x
Sat, 16 Dec 2023ر.ق578.9bر.ق185.6bر.ق45.2b13.8x12.8x3.1x
Mon, 13 Nov 2023ر.ق585.8bر.ق185.6bر.ق45.2b14.2x13x3.2x
Wed, 11 Oct 2023ر.ق582.0bر.ق183.6bر.ق45.2b13.7x12.9x3.2x
Fri, 08 Sep 2023ر.ق603.3bر.ق185.0bر.ق45.5b14.2x13.3x3.3x
Sun, 06 Aug 2023ر.ق638.1bر.ق186.8bر.ق47.0b14.8x13.6x3.4x
Tue, 04 Jul 2023ر.ق603.0bر.ق185.9bر.ق46.6b14.1x12.9x3.2x
Thu, 01 Jun 2023ر.ق603.4bر.ق185.4bر.ق47.0b14x12.8x3.3x
Sat, 29 Apr 2023ر.ق588.2bر.ق183.0bر.ق47.0b13.7x12.5x3.2x
Mon, 27 Mar 2023ر.ق589.6bر.ق174.9bر.ق46.9b13.7x12.6x3.4x
Wed, 22 Feb 2023ر.ق600.2bر.ق185.6bر.ق47.5b14.1x12.6x3.2x
Fri, 20 Jan 2023ر.ق614.6bر.ق185.1bر.ق48.5b14.8x12.7x3.3x
Sun, 18 Dec 2022ر.ق620.1bر.ق183.0bر.ق48.0b14.7x12.9x3.4x
Tue, 15 Nov 2022ر.ق701.9bر.ق183.0bر.ق48.2b16.1x14.6x3.8x
Thu, 13 Oct 2022ر.ق716.3bر.ق179.2bر.ق48.4b16.4x14.8x4x
Sat, 10 Sep 2022ر.ق720.1bر.ق177.7bر.ق48.0b16.6x15x4.1x
Mon, 08 Aug 2022ر.ق745.1bر.ق176.7bر.ق44.7b17.6x16.7x4.2x
Wed, 06 Jul 2022ر.ق683.5bر.ق172.1bر.ق44.7b17x15.3x4x
Fri, 03 Jun 2022ر.ق729.0bر.ق172.1bر.ق44.7b17.7x16.3x4.2x
Sun, 01 May 2022ر.ق761.5bر.ق170.4bر.ق43.9b17.5x17.4x4.5x
Price to Earnings Ratio

17.4x


Total Market Cap: ر.ق761.5bTotal Earnings: ر.ق43.9bTotal Revenue: ر.ق170.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 13.3x202320242025
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 13.3x.
Past Earnings Growth
  • The earnings for Qatari listed companies have grown 3.8% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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 Market0.62%
Telecom2.36%
Tech2.25%
Real Estate2.05%
Healthcare1.80%
Consumer Staples1.14%
Energy0.92%
Financials0.39%
Materials0.26%
Industrials0.17%
Consumer Discretionary-1.47%
Utilities-1.68%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 33.9x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.3x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 9.7% over the next 5 years.
  • This is better than its past earnings decline of 7.3% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 3.6% 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
QNBK Qatar National Bank (Q.P.S.C.)ر.ق16.201.5%
+ر.ق2.2b
17.0%PB1.3xFinancials
ERES Ezdan Holding Group Q.P.S.Cر.ق1.015.1%
+ر.ق1.3b
25.9%PE255.4xReal Estate
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق20.502.4%
+ر.ق1.1b
14.9%PB1.6xFinancials
DHBK Doha Bank Q.P.S.Cر.ق2.3117.0%
+ر.ق1.0b
54.1%PB0.5xFinancials
ORDS Ooredoo Q.P.S.Cر.ق12.882.5%
+ر.ق1.0b
29.3%PE12xTelecom
See more
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Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

IGRD

ر.ق2.75

Estithmar Holding Q.P.S.C

7D

5.7%

1Y

52.0%

MARK

ر.ق2.19

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

7D

-0.4%

1Y

-11.7%

ERES

ر.ق1.01

Ezdan Holding Group Q.P.S.C

7D

5.1%

1Y

25.9%

QIIK

ر.ق10.60

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

7D

4.7%

1Y

3.9%

QEWS

ر.ق14.74

Qatar Electricity & Water Company Q.P.S.C

7D

-1.4%

1Y

-3.7%

DUBK

ر.ق3.46

Dukhan Bank Q.P.S.C

7D

-0.5%

1Y

-11.3%

DHBK

ر.ق2.31

Doha Bank Q.P.S.C

7D

17.0%

1Y

54.1%

ORDS

ر.ق12.88

Ooredoo Q.P.S.C

7D

2.5%

1Y

29.3%

IQCD

ر.ق12.15

Industries Qatar Q.P.S.C

7D

-3.3%

1Y

1.3%

QIBK

ر.ق20.50

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

7D

2.4%

1Y

14.9%

QNCD

ر.ق3.40

Qatar National Cement Company (Q.P.S.C.)

7D

-0.8%

1Y

-4.7%

QFBQ

ر.ق1.34

Lesha Bank

7D

-0.7%

1Y

3.6%

QGTS

ر.ق4.60

Qatar Gas Transport Company Limited (Nakilat) (QPSC)

7D

-0.3%

1Y

19.9%

GWCS

ر.ق2.98

Gulf Warehousing Company Q.P.S.C

7D

-1.5%

1Y

-10.6%

QNBK

ر.ق16.20

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

7D

1.5%

1Y

17.0%