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

Is QIBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of QIBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate QIBK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate QIBK's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QIBK?

Key metric: As QIBK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for QIBK. This is calculated by dividing QIBK's market cap by their current earnings.
What is QIBK's PE Ratio?
PE Ratio	11.4x
Earnings	ر.ق4.30b
Market Cap	ر.ق49.79b

QIBK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	5.2x

Price to Earnings Ratio vs Peers

How does QIBK's PE Ratio compare to its peers?

The above table shows the PE ratio for QIBK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	11.4x
MARK Masraf Al Rayan (Q.P.S.C.)	14.9x	13.4%	ر.ق21.8b
QIIK Qatar International Islamic Bank (Q.P.S.C)	14.3x	10.6%	ر.ق16.1b
QNBK Qatar National Bank (Q.P.S.C.)	10.4x	7.9%	ر.ق157.9b
CBQK Commercial Bank (P.S.Q.C.)	6x	1.9%	ر.ق16.8b
QIBK Qatar Islamic Bank (Q.P.S.C.)	11.4x	2.2%	ر.ق48.9b

Price-To-Earnings vs Peers: QIBK is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does QIBK's PE Ratio compare vs other companies in the Asian Banks Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: QIBK is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the Asian Banks industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is QIBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QIBK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.4x
Fair PE Ratio	10.5x

Price-To-Earnings vs Fair Ratio: QIBK is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst QIBK forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	ر.ق20.71	ر.ق21.38 +3.2%	5.1%	ر.ق22.45	ر.ق19.30	n/a	6
Nov ’25	ر.ق20.50	ر.ق21.38 +4.3%	5.1%	ر.ق22.45	ر.ق19.30	n/a	6
Oct ’25	ر.ق21.25	ر.ق20.77 -2.3%	4.7%	ر.ق22.45	ر.ق19.30	n/a	6
Sep ’25	ر.ق19.56	ر.ق20.77 +6.2%	4.7%	ر.ق22.45	ر.ق19.30	n/a	6
Aug ’25	ر.ق19.53	ر.ق20.73 +6.1%	5.2%	ر.ق22.45	ر.ق19.30	n/a	5
Jul ’25	ر.ق18.88	ر.ق21.35 +13.1%	6.6%	ر.ق22.60	ر.ق19.30	n/a	5
Jun ’25	ر.ق17.20	ر.ق21.54 +25.2%	6.3%	ر.ق22.60	ر.ق19.30	n/a	6
May ’25	ر.ق18.10	ر.ق21.54 +19.0%	6.3%	ر.ق22.60	ر.ق19.30	n/a	6
Apr ’25	ر.ق18.62	ر.ق21.54 +15.7%	6.3%	ر.ق22.60	ر.ق19.30	n/a	6
Mar ’25	ر.ق20.15	ر.ق21.71 +7.7%	7.0%	ر.ق23.60	ر.ق19.30	n/a	6
Feb ’25	ر.ق19.30	ر.ق22.04 +14.2%	6.0%	ر.ق23.60	ر.ق19.30	n/a	6
Jan ’25	ر.ق21.50	ر.ق22.46 +4.5%	5.5%	ر.ق24.18	ر.ق20.30	n/a	6
Dec ’24	ر.ق19.00	ر.ق22.58 +18.8%	4.6%	ر.ق24.18	ر.ق21.00	n/a	6
Nov ’24	ر.ق17.56	ر.ق22.80 +29.8%	4.6%	ر.ق24.18	ر.ق21.00	ر.ق20.50	6
Oct ’24	ر.ق18.53	ر.ق22.66 +22.3%	5.1%	ر.ق24.18	ر.ق21.00	ر.ق21.25	6
Sep ’24	ر.ق19.32	ر.ق22.66 +17.3%	5.1%	ر.ق24.18	ر.ق21.00	ر.ق19.56	6
Aug ’24	ر.ق21.36	ر.ق21.92 +2.6%	8.0%	ر.ق24.18	ر.ق19.40	ر.ق19.53	5
Jul ’24	ر.ق17.71	ر.ق21.72 +22.7%	8.4%	ر.ق24.18	ر.ق19.40	ر.ق18.88	5
Jun ’24	ر.ق17.71	ر.ق21.72 +22.6%	8.4%	ر.ق24.18	ر.ق19.40	ر.ق17.20	5
May ’24	ر.ق17.75	ر.ق21.92 +23.5%	7.9%	ر.ق24.18	ر.ق19.40	ر.ق18.10	5
Apr ’24	ر.ق17.78	ر.ق23.00 +29.3%	10.4%	ر.ق26.40	ر.ق19.40	ر.ق18.62	5
Mar ’24	ر.ق18.55	ر.ق23.00 +24.0%	10.4%	ر.ق26.40	ر.ق19.40	ر.ق20.15	5
Feb ’24	ر.ق19.46	ر.ق23.16 +19.0%	9.5%	ر.ق26.40	ر.ق19.40	ر.ق19.30	6
Jan ’24	ر.ق18.56	ر.ق23.81 +28.3%	10.1%	ر.ق26.40	ر.ق19.40	ر.ق21.50	6
Dec ’23	ر.ق24.20	ر.ق24.50 +1.2%	8.9%	ر.ق27.90	ر.ق21.00	ر.ق19.00	6
Nov ’23	ر.ق24.21	ر.ق24.66 +1.9%	7.9%	ر.ق27.90	ر.ق22.00	ر.ق17.56	6

Analyst Forecast: Target price is less than 20% higher than the current share price.