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Qatari (QE) Market Analysis & Valuation

UpdatedMay 01, 2025
DataAggregated Company Financials
Companies53
  • 7D2.1%
  • 3M-1.2%
  • 1Y9.2%
  • YTD-0.03%

Over the last 7 days, the market has risen 2.1%, driven by gains of 3.2% in the Financials sector. In the last year, the market has climbed 9.2%. Looking forward, earnings are forecast to grow by 7.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 May 2025ر.ق609.5bر.ق196.3bر.ق49.0b12.1x12.4x3.1x
Sat, 29 Mar 2025ر.ق600.4bر.ق195.8bر.ق49.1b12.8x12.2x3.1x
Mon, 24 Feb 2025ر.ق623.2bر.ق195.8bر.ق49.1b13.9x12.7x3.2x
Wed, 22 Jan 2025ر.ق616.2bر.ق192.2bر.ق48.5b13.3x12.7x3.2x
Fri, 20 Dec 2024ر.ق619.4bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Sun, 17 Nov 2024ر.ق619.9bر.ق191.7bر.ق48.0b13.2x12.9x3.2x
Tue, 15 Oct 2024ر.ق617.4bر.ق189.3bر.ق47.3b13.5x13.1x3.3x
Thu, 12 Sep 2024ر.ق593.1bر.ق190.9bر.ق46.9b13.4x12.6x3.1x
Sat, 10 Aug 2024ر.ق573.4bر.ق190.6bر.ق46.5b12.9x12.3x3x
Mon, 08 Jul 2024ر.ق584.4bر.ق188.6bر.ق46.3b13.2x12.6x3.1x
Wed, 05 Jun 2024ر.ق548.7bر.ق188.6bر.ق46.3b13x11.9x2.9x
Fri, 03 May 2024ر.ق552.4bر.ق188.5bر.ق45.8b13.2x12.1x2.9x
Sun, 31 Mar 2024ر.ق574.4bر.ق184.7bر.ق45.6b13.7x12.6x3.1x
Tue, 27 Feb 2024ر.ق601.0bر.ق184.2bر.ق46.3b14x13x3.3x
Thu, 25 Jan 2024ر.ق602.8bر.ق186.1bر.ق45.6b14.3x13.2x3.2x
Sat, 23 Dec 2023ر.ق597.4bر.ق185.6bر.ق45.2b13.9x13.2x3.2x
Mon, 20 Nov 2023ر.ق599.3bر.ق185.6bر.ق45.2b14.3x13.3x3.2x
Wed, 18 Oct 2023ر.ق597.0bر.ق185.6bر.ق45.5b13.8x13.1x3.2x
Fri, 15 Sep 2023ر.ق606.4bر.ق185.0bر.ق45.5b14.3x13.3x3.3x
Sun, 13 Aug 2023ر.ق630.9bر.ق184.2bر.ق45.3b14.7x13.9x3.4x
Tue, 11 Jul 2023ر.ق600.8bر.ق185.9bر.ق46.6b13.9x12.9x3.2x
Thu, 08 Jun 2023ر.ق609.2bر.ق185.8bر.ق46.9b14.7x13x3.3x
Sat, 06 May 2023ر.ق622.9bر.ق187.4bر.ق48.5b13.8x12.8x3.3x
Mon, 03 Apr 2023ر.ق585.9bر.ق175.0bر.ق46.8b13.5x12.5x3.3x
Wed, 01 Mar 2023ر.ق610.8bر.ق185.6bر.ق47.5b13.9x12.9x3.3x
Fri, 27 Jan 2023ر.ق630.7bر.ق186.9bر.ق49.3b14.9x12.8x3.4x
Sun, 25 Dec 2022ر.ق623.7bر.ق183.0bر.ق48.0b14.5x13x3.4x
Tue, 22 Nov 2022ر.ق661.4bر.ق183.0bر.ق48.2b15.5x13.7x3.6x
Thu, 20 Oct 2022ر.ق706.0bر.ق183.0bر.ق48.6b15.5x14.5x3.9x
Sat, 17 Sep 2022ر.ق735.1bر.ق177.7bر.ق48.0b17.6x15.3x4.1x
Mon, 15 Aug 2022ر.ق765.9bر.ق178.8bر.ق46.0b17.7x16.7x4.3x
Wed, 13 Jul 2022ر.ق672.4bر.ق173.2bر.ق44.7b16.9x15x3.9x
Fri, 10 Jun 2022ر.ق732.6bر.ق172.1bر.ق44.7b18.4x16.4x4.3x
Sun, 08 May 2022ر.ق761.5bر.ق169.5bر.ق44.3b17.5x17.2x4.5x
Price to Earnings Ratio

17.2x


Total Market Cap: ر.ق761.5bTotal Earnings: ر.ق44.3bTotal Revenue: ر.ق169.5bTotal 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 3.4% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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 Market2.15%
Utilities4.37%
Financials3.16%
Telecom2.69%
Materials1.69%
Real Estate1.34%
Industrials0.74%
Energy-0.41%
Consumer Staples-0.52%
Healthcare-1.42%
Consumer Discretionary-3.27%
Tech-4.69%
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 Financials sector, expecting annual earnings growth of 9.0% 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
QNBK Qatar National Bank (Q.P.S.C.)ر.ق16.662.8%
+ر.ق4.2b
19.9%PB1.4xFinancials
QIBK Qatar Islamic Bank (Q.P.S.C.)ر.ق21.253.7%
+ر.ق1.8b
19.2%PB1.6xFinancials
CBQK Commercial Bank (P.S.Q.C.)ر.ق4.385.0%
+ر.ق849.9m
9.5%PB0.7xFinancials
QEWS Qatar Electricity & Water Company Q.P.S.Cر.ق15.283.7%
+ر.ق594.0m
1.3%PE12.1xUtilities
MARK Masraf Al Rayan (Q.P.S.C.)ر.ق2.232.2%
+ر.ق437.1m
-8.1%PB0.8xFinancials
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

IQCD

ر.ق12.20

Industries Qatar Q.P.S.C

7D

0.4%

1Y

-0.4%

ORDS

ر.ق12.98

Ooredoo Q.P.S.C

7D

0.8%

1Y

30.4%

AHCS

ر.ق0.82

Aamal Company Q.P.S.C

7D

-2.0%

1Y

5.5%

BRES

ر.ق2.79

Barwa Real Estate Company Q.P.S.C

7D

-0.6%

1Y

-0.3%

MARK

ر.ق2.23

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

7D

2.2%

1Y

-8.1%

ERES

ر.ق1.00

Ezdan Holding Group Q.P.S.C

7D

-1.0%

1Y

24.8%

IGRD

ر.ق2.72

Estithmar Holding Q.P.S.C

7D

-1.1%

1Y

42.5%

QEWS

ر.ق15.28

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

7D

3.7%

1Y

1.3%

GISS

ر.ق3.14

Gulf International Services Q.P.S.C

7D

4.7%

1Y

11.7%

QIBK

ر.ق21.25

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

7D

3.7%

1Y

19.2%

CBQK

ر.ق4.38

Commercial Bank (P.S.Q.C.)

7D

5.0%

1Y

9.5%

ZHCD

ر.ق14.29

Zad Holding Company Q.P.S.C

7D

-1.1%

1Y

7.4%

QNBK

ر.ق16.66

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

7D

2.8%

1Y

19.9%

UDCD

ر.ق1.04

United Development Company Q.P.S.C

7D

-2.3%

1Y

-6.7%

QFLS

ر.ق15.03

Qatar Fuel Company Q.P.S.C. (WOQOD)

7D

-0.7%

1Y

3.7%