Qatar Stock Market PE Ratio

The Qatar Stock Market currently trades at a current P/E ratio of 9.34 as of October 24, 2025.

Over the past five years, the median P/E has been 10.12, putting today's valuation in the 35th percentile of that range. Looking at the longer 10-year period, where the median sits at 13.57, the current reading ranks in the 17.5th percentile - a level historically associated with Attractive pricing. The 20-year median of 13.41 provides additional context, with the current ratio in the 12.4th percentile of that extended timeframe.

This analysis is based on the iShares MSCI Qatar ETF (QAT) which serves as the benchmark for the Qatar market.

Since June 2006, the iShares MSCI Qatar ETF has recorded a median P/E ratio of 13.41 over 19 years. Against this full historical backdrop, the current valuation sits in the 12.4th percentile of all recorded readings, indicating that the market is trading below its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (9.34) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	8.9	75	Overvalued
5 Year	10.12	35	Undervalued
10 Year	13.57	17.5	Attractive
20 Year	13.41	12.4	Attractive
Since Jun 2006	13.41	12.4	Attractive

Returns vs P/E Ratio

Over the past decade, the PE fell from 13.2 (53.1th percentile) to 9.34 (17.5th percentile). Annualized total return over this period was -1.3%. Percentile rank indicates position within the historical distribution. Lower valuations do not guarantee near-term gains; markets can stay discounted for long, though starting points are generally more supportive for long-horizon outcomes.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	8.85	5.9	+7%	+7%
3 Year	12.48	22.8	-8.9%	-3.1%
5 Year	15.38	79.8	+9.6%	+1.9%
10 Year	13.23	53.1	-11.9%	-1.3%

Historical Data (2006-2025)

Date	Current PE Ratio
Oct 2025	9.34
Sep 2025	9.48
Aug 2025	9.66
Jul 2025	9.52
Jun 2025	9.15
May 2025	8.91
Apr 2025	8.87
Mar 2025	8.56
Feb 2025	8.77
Jan 2025	8.61
Dec 2024	8.89
Nov 2024	8.77
Oct 2024	8.85
Sep 2024	8.94
Aug 2024	8.50
Jul 2024	8.65
Jun 2024	8.45
May 2024	7.88
Apr 2024	8.26
Mar 2024	8.75
Feb 2024	9.32
Jan 2024	9.29
Dec 2023	10.02
Nov 2023	9.28
Oct 2023	8.77
Sep 2023	9.62
Aug 2023	9.69
Jul 2023	10.35
Jun 2023	9.61
May 2023	9.69
Apr 2023	9.64
Mar 2023	10.21
Feb 2023	10.57
Jan 2023	11.03
Dec 2022	10.81
Nov 2022	12.13
Oct 2022	12.48
Sep 2022	13.49
Aug 2022	14.15
Jul 2022	14.26
Jun 2022	14.64
May 2022	15.59
Apr 2022	16.52
Mar 2022	17.40
Feb 2022	16.45
Jan 2022	16.32
Dec 2021	15.13
Nov 2021	14.71
Oct 2021	15.28
Sep 2021	15.88
Aug 2021	15.48
Jul 2021	14.99
Jun 2021	16.30
May 2021	16.20
Apr 2021	16.47
Mar 2021	16.57
Feb 2021	15.64
Jan 2021	16.24
Dec 2020	16.17
Nov 2020	15.98
Oct 2020	15.38
Sep 2020	15.15
Aug 2020	15.09
Jul 2020	14.24
Jun 2020	13.58
May 2020	13.37
Apr 2020	12.99
Mar 2020	11.77
Feb 2020	13.24
Jan 2020	15.16
Dec 2019	15.23
Nov 2019	14.60
Oct 2019	14.62
Sep 2019	14.59
Aug 2019	14.49
Jul 2019	14.33
Jun 2019	14.13
May 2019	13.93
Apr 2019	14.72
Mar 2019	13.56
Feb 2019	13.44
Jan 2019	15.85
Dec 2018	15.29
Nov 2018	15.44
Oct 2018	15.14
Sep 2018	14.59
Aug 2018	14.68
Jul 2018	14.39
Jun 2018	13.46
May 2018	13.53
Apr 2018	13.12
Mar 2018	13.23
Feb 2018	12.99
Jan 2018	14.88
Dec 2017	13.97
Nov 2017	12.25
Oct 2017	13.16
Sep 2017	12.70
Aug 2017	13.43
Jul 2017	14
Jun 2017	13.27
May 2017	14.33
Apr 2017	14.53
Mar 2017	14.49
Feb 2017	14.41
Jan 2017	15.93
Dec 2016	15.74
Nov 2016	14.73
Oct 2016	15.29
Sep 2016	15.17
Aug 2016	15.97
Jul 2016	15.46
Jun 2016	14.01
May 2016	13.52
Apr 2016	14.37
Mar 2016	13.41
Feb 2016	12.61
Jan 2016	10.92
Dec 2015	11.93
Nov 2015	11.45
Oct 2015	13.23
Sep 2015	12.95
Aug 2015	13.06
Jul 2015	13.41
Jun 2015	12.91
May 2015	12.75
Apr 2015	13.32
Mar 2015	14.03
Feb 2015	15.45
Jan 2015	16.05
Dec 2014	16.88
Nov 2014	17.39
Oct 2014	18.16
Sep 2014	20.31
Aug 2014	20.03
Jul 2014	19.23
Jun 2014	14.97
May 2014	19.15
Apr 2014	17.23
Mar 2014	15.64
Feb 2014	15.53
Jan 2014	15.48
Dec 2013	14.47
Nov 2013	14.55
Oct 2013	13.69
Sep 2013	12.99
Aug 2013	13.05
Jul 2013	12.97
Jun 2013	12.78
May 2013	12.75
Apr 2013	12.11
Mar 2013	12.16
Feb 2013	11.46
Jan 2013	12.17
Dec 2012	11.63
Nov 2012	11.73
Oct 2012	11.55
Sep 2012	12.88
Aug 2012	12.91
Jul 2012	12.14
Jun 2012	11.92
May 2012	11.88
Apr 2012	12.28
Mar 2012	12.70
Feb 2012	10.85
Jan 2012	10.53
Dec 2011	10.86
Nov 2011	10.64
Oct 2011	9.03
Sep 2011	10.80
Aug 2011	10.70
Jul 2011	10.96
Jun 2011	10.90
May 2011	10.91
Apr 2011	10.15
Mar 2011	10.93
Feb 2011	14.36
Jan 2011	15.61
Dec 2010	15.44
Nov 2010	14.50
Oct 2010	13.36
Sep 2010	13.46
Aug 2010	12.70
Jul 2010	13.15
Jun 2010	12.92
May 2010	12.65
Apr 2010	14.07
Mar 2010	12.33
Feb 2010	12.01
Jan 2010	11.53
Dec 2009	12.12
Nov 2009	12.48
Oct 2009	12.49
Sep 2009	12.69
Aug 2009	12.29
Jul 2009	10.52
Jun 2009	9.80
May 2009	10.28
Apr 2009	8.38
Mar 2009	8.02
Feb 2009	6.74
Jan 2009	7.40
Dec 2008	9.07
Nov 2008	8.03
Oct 2008	9.31
Sep 2008	13.50
Aug 2008	15.24
Jul 2008	17.95
Jun 2008	18.21
May 2008	18.34
Apr 2008	17.52
Mar 2008	15.71
Feb 2008	17.52
Jan 2008	17.41
Dec 2007	17.57
Nov 2007	17.35
Oct 2007	17.58
Sep 2007	15.66
Aug 2007	14.07
Jul 2007	14.33
Jun 2007	15.05
May 2007	14.98
Apr 2007	13.24
Mar 2007	13.15
Feb 2007	13.26
Jan 2007	14.16
Dec 2006	14.44
Nov 2006	12.50
Oct 2006	14.95
Sep 2006	16.24
Aug 2006	16.84
Jul 2006	15.61
Jun 2006	15.22

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (9.34) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
China	14.52	92.50	Expensive
Japan	17.24	94.20	Expensive
India	22.67	39.20	Undervalued
South Korea	12.83	95	Expensive
Indonesia	13.01	28.30	Undervalued

Definition: Trailing P/E Ratio

The trailing P/E ratio for Qatar Stock Market shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.