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Qatari (QE) Market Analysis & Valuation

UpdatedFeb 27, 2025
DataAggregated Company Financials
Companies54
  • 7D-1.5%
  • 3M-0.5%
  • 1Y1.7%
  • YTD-0.4%

Over the last 7 days, the market has dropped 1.5%, driven by losses in every sector, especially the Financials sector. Although the market performance has been flat over the past year. Earnings are forecast to grow by 7.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Feb 2025ر.ق614.7bر.ق195.8bر.ق49.1b13.5x12.5x3.1x
Sat, 25 Jan 2025ر.ق623.9bر.ق191.5bر.ق48.4b13.8x12.9x3.3x
Mon, 23 Dec 2024ر.ق624.4bر.ق191.7bر.ق48.0b12.8x13x3.3x
Wed, 20 Nov 2024ر.ق617.8bر.ق191.7bر.ق48.0b13.3x12.9x3.2x
Fri, 18 Oct 2024ر.ق631.0bر.ق189.8bر.ق47.4b13.7x13.3x3.3x
Sun, 15 Sep 2024ر.ق602.6bر.ق190.9bر.ق46.9b13.3x12.8x3.2x
Tue, 13 Aug 2024ر.ق577.0bر.ق190.5bر.ق46.5b12.8x12.4x3x
Thu, 11 Jul 2024ر.ق587.6bر.ق189.6bر.ق46.6b13.2x12.6x3.1x
Sat, 08 Jun 2024ر.ق553.0bر.ق188.6bر.ق46.3b12.9x11.9x2.9x
Mon, 06 May 2024ر.ق556.6bر.ق188.5bر.ق45.8b13.4x12.1x3x
Wed, 03 Apr 2024ر.ق569.6bر.ق184.7bر.ق45.6b13.6x12.5x3.1x
Fri, 01 Mar 2024ر.ق604.0bر.ق184.2bر.ق46.3b13.7x13x3.3x
Sun, 28 Jan 2024ر.ق601.2bر.ق187.1bر.ق46.4b14.3x13x3.2x
Tue, 26 Dec 2023ر.ق604.4bر.ق185.6bر.ق45.2b14.2x13.4x3.3x
Thu, 23 Nov 2023ر.ق596.3bر.ق185.6bر.ق45.2b14.2x13.2x3.2x
Sat, 21 Oct 2023ر.ق579.0bر.ق186.2bر.ق45.5b13.4x12.7x3.1x
Mon, 18 Sep 2023ر.ق602.8bر.ق185.0bر.ق45.5b13.6x13.2x3.3x
Wed, 16 Aug 2023ر.ق627.2bر.ق183.6bر.ق45.4b14.3x13.8x3.4x
Fri, 14 Jul 2023ر.ق605.5bر.ق186.3bر.ق46.9b14.3x12.9x3.2x
Sun, 11 Jun 2023ر.ق599.6bر.ق185.9bر.ق45.9b14.6x13.1x3.2x
Tue, 09 May 2023ر.ق626.4bر.ق187.3bر.ق48.3b13.9x13x3.3x
Thu, 06 Apr 2023ر.ق603.3bر.ق175.0bر.ق46.8b13.7x12.9x3.4x
Sat, 04 Mar 2023ر.ق611.5bر.ق184.7bر.ق47.3b13.7x12.9x3.3x
Mon, 30 Jan 2023ر.ق633.2bر.ق186.9bر.ق49.0b14.9x12.9x3.4x
Wed, 28 Dec 2022ر.ق613.0bر.ق183.0bر.ق48.0b14.4x12.8x3.4x
Fri, 25 Nov 2022ر.ق664.2bر.ق183.0bر.ق48.2b15.3x13.8x3.6x
Sun, 23 Oct 2022ر.ق704.2bر.ق183.0bر.ق48.5b15.6x14.5x3.8x
Tue, 20 Sep 2022ر.ق713.3bر.ق177.7bر.ق48.0b16.6x14.9x4x
Thu, 18 Aug 2022ر.ق778.6bر.ق179.3bر.ق46.0b18.2x16.9x4.3x
Sat, 16 Jul 2022ر.ق660.3bر.ق173.2bر.ق44.7b16.9x14.8x3.8x
Mon, 13 Jun 2022ر.ق724.8bر.ق172.1bر.ق44.7b18.1x16.2x4.2x
Wed, 11 May 2022ر.ق752.4bر.ق169.6bر.ق44.3b17.4x17x4.4x
Fri, 08 Apr 2022ر.ق790.5bر.ق166.8bر.ق42.3b18.6x18.7x4.7x
Sun, 06 Mar 2022ر.ق777.5bر.ق167.5bر.ق42.9b18.3x18.1x4.6x
Price to Earnings Ratio

18.1x


Total Market Cap: ر.ق777.5bTotal Earnings: ر.ق42.9bTotal Revenue: ر.ق167.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Qatari Market Price to Earnings3Y Average 13.7x202320242025
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 13.7x.
Past Earnings Growth
  • The earnings for Qatari listed companies have grown 4.6% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market-1.51%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Industrials-0.074%
Utilities-0.59%
Energy-1.40%
Consumer Staples-1.43%
Tech-1.59%
Financials-1.63%
Real Estate-1.80%
Consumer Discretionary-2.46%
Telecom-2.47%
Healthcare-3.23%
Materials-4.21%
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 Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 10% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
IGRD Estithmar Holding Q.P.S.Cر.ق2.093.5%
+ر.ق238.3m
5.7%PE17.6xIndustrials
QGTS Qatar Gas Transport Company Limited (Nakilat) (QPSC)ر.ق4.500.9%
+ر.ق232.7m
12.5%PE15.2xEnergy
AHCS Aamal Company Q.P.S.Cر.ق0.931.0%
+ر.ق56.7m
17.7%PE13.5xIndustrials
MEZA MEEZA QSTP (Public)ر.ق3.052.1%
+ر.ق40.9m
13.9%PE32.8xTech
BEMA Damaan Islamic Insurance Company Beema (Q.P.S.C.)ر.ق4.004.1%
+ر.ق31.6m
1.3%PE7.1xFinancials
See more
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ABQK

ر.ق3.40

Ahli Bank Q.P.S.C

7D

-6.5%

1Y

-10.2%

AHCS

ر.ق0.93

Aamal Company Q.P.S.C

7D

1.0%

1Y

17.7%

ERES

ر.ق1.00

Ezdan Holding Group Q.P.S.C

7D

-2.9%

1Y

15.7%

QGTS

ر.ق4.50

Qatar Gas Transport Company Limited (Nakilat) (QPSC)

7D

0.9%

1Y

12.5%

DUBK

ر.ق3.63

Dukhan Bank Q.P.S.C

7D

-4.2%

1Y

-11.9%

IGRD

ر.ق2.09

Estithmar Holding Q.P.S.C

7D

3.5%

1Y

5.7%

MEZA

ر.ق3.05

MEEZA QSTP (Public)

7D

2.1%

1Y

13.9%

QNBK

ر.ق16.60

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

7D

-0.9%

1Y

9.0%

QIBK

ر.ق20.83

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

7D

-2.8%

1Y

3.4%

MARK

ر.ق2.32

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

7D

-3.3%

1Y

-8.3%