QNB Bank ASIST:QNBTR -2.79%44 ROE % is 35.16% as of Mar. 2026, which is 85% above its 10-year median of 18.96. GuruFocus rates IST:QNBTR with a GF Score™ of 44/100 and a GF Value™ of ₺342.65 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,527 Banks companies, QNB Bank AS ranks better than 98.3% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. QNB Bank AS's annualized net income for the quarter that ended in Mar. 2026 was ₺62,989 Mil. QNB Bank AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺179,150 Mil. Therefore, QNB Bank AS's annualized ROE % for the quarter that ended in Mar. 2026 was 35.16%.
The historical rank and industry rank for QNB Bank AS's ROE % or its related term are showing as below:
IST:QNBTR'
s ROE % Range Over the Past 10 Years
Min: 12.67 Med: 18.96 Max: 52.7
Current: 33.62
During the past 13 years, QNB Bank AS's highest ROE % was 52.70%. The lowest was 12.67%. And the median was 18.96%.
IST:QNBTR's ROE % is ranked better than 98.3% of 1527
companies
in the Banks industry
Industry Median: 10.23
vs IST:QNBTR: 33.62
QNB Bank AS (IST:QNBTR) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
QNB Bank AS ROE % Related Terms
QNB Bank AS ROE % Historical Data
* Premium members only.
The historical data trend for QNB Bank AS's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, QNB Bank AS's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
QNB Bank AS ROE % vs Banks Industry
For the Banks industry and Financial Services sector, QNB Bank AS's ROE % distribution charts can be found below:
* The bar in red indicates where QNB Bank AS's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
QNB Bank AS (IST:QNBTR) has a ROE % of 35.16% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on QNB Bank AS and its competitors. This is 85% above median its historical median of 18.96. Over the past decade, QNB Bank AS's ROE % has ranged from 12.67 to 52.70. According to the industry distribution chart, QNB Bank AS ranks #26 out of 1527 companies in the Banks industry, placing it in the top 1.7%.
Is QNB Bank AS's ROE % too high?
QNB Bank AS's current ROE % of 35.16% is 85% above median its 10-year median of 18.96. Over the past 10 years, this metric has ranged from a low of 12.67 to a high of 52.70. The Banks industry median ROE % is 10.23. QNB Bank AS's value of 35.16% is 243.7% above this industry median. Based on the distribution chart, QNB Bank AS ranks #26 out of 1527 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, QNB Bank AS has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does QNB Bank AS's ROE % compare to competitors?
According to the Banks industry distribution chart, QNB Bank AS ranks #26 out of 1527 companies for ROE %. This places QNB Bank AS in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 10.23. QNB Bank AS's value of 35.16% is 243.7% above this benchmark. Historically, QNB Bank AS's own ROE % has ranged from 12.67 to 52.70 over the past decade. While the company's 10-year median is 18.96 vs. the industry median of 10.23, QNB Bank AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Banks company?
The median ROE % among Banks companies is 10.23, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. QNB Bank AS's current ROE % of 35.16% is 243.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on QNB Bank AS and its competitors. For the Banks industry, the median ROE % is 10.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QNB Bank AS's current ROE % is 35.16%, which is 85% above median its own 10-year median of 18.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QNB Bank AS stock overvalued right now?
Based on GuruFocus' analysis, QNB Bank AS (IST:QNBTR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺342.65, compared to a current price of ₺202.20 — trading 41% below its estimated fair value. The current ROE % is 35.16%, which is 85% above median its 10-year median of 18.96 and 243.7% above the Banks industry median of 10.23. QNB Bank AS's overall GF Score™ is 44/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For QNB Bank AS (IST:QNBTR), the current ROE % is 35.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is QNB Bank AS (IST:QNBTR) Overvalued in 2026?
Based on GuruFocus' analysis, QNB Bank AS stock appears to be undervalued.
The current stock price of ₺202.20 is trading 41% below its estimated GF Value™ of ₺342.65.
GuruFocus considers QNB Bank AS to be Significantly Undervalued.
Key valuation signals for IST:QNBTR:
ROE %: 35.16% (85% above median its 10-year median of 18.96)
GF Value™: ₺342.65 vs. price of ₺202.20 (41% below fair value)
Industry Position: 243.7% above the Banks median (#26 of 1527)
No single metric tells the full story. See the IST:QNBTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
QNB Bank AS offers products and services to its customers in factoring, investment, leasing (financial leasing), insurance, portfolio management services, and e-transformation products. In addition to corporate banking, retail banking and commercial banking services, it also provides private banking, SME banking, treasury operations and credit card services through branches and alternative channels. The company serves its retail banking clients with time and demand deposits, also overdraft services, automatic account services, consumer loans, vehicle loans, housing loans and investment fund services. It provides services including deposit and loans, foreign trade financing, forward and option agreements to its corporate clients.
44GF Score
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