\ˈpeg \

Definition of peg 

(Entry 1 of 4)

1a : a small usually cylindrical pointed or tapered piece (as of wood) used to pin down or fasten things or to fit into or close holes : pin, plug

b British : clothespin

c : a predetermined level at which something (such as a price) is fixed

2a : a projecting piece used as a support or boundary marker

b : something (such as a fact or issue) used as a support, pretext, or reason a news peg for the story

3a : one of the movable wooden pegs set in the head of a stringed instrument (such as a violin) that are turned to regulate the pitch of the strings — see violin illustration

b : a step or degree especially in estimation

4 : a pointed prong or claw for catching or tearing

5 British : drink poured himself out a stiff peg— Dorothy Sayers

6 : something (such as a leg) resembling a peg

7 : throw especially : a hard throw in baseball made in an attempt to put out a base runner


pegged; pegging

Definition of peg (Entry 2 of 4)

transitive verb

1a : to put a peg into

b British : to pin (laundry) on a clothesline

2 : to attach or fix as if with a peg: such as

a : to pin down : restrict

b : to fix or hold (something, such as prices or wage increases) at a predetermined level or rate

c : to place in a definite category : identify was pegged as an intellectual

3 : to mark by pegs

4 : throw

intransitive verb

1 : to work steadily and diligently often used with away

2 : to move along vigorously or hastily : hustle


variants: or pegged

Definition of peg (Entry 3 of 4)

: wide at the top and narrow at the bottom peg pants

Definition of PEG (Entry 4 of 4)

polyethylene glycol

Keep scrolling for more

Examples of peg in a Sentence


Her coat hung on a peg by the door. took the arrogant student down a peg


Is the tent pegged down all the way? peg the price of wheat at its current level His bonus is pegged to how many sales he makes each year for the company.
See More

Recent Examples on the Web: Noun

Much of it is myopic and small-brained, from sideline observers gleefully salivating at the opportunity to take him down a peg. Popular Mechanics Editors, Popular Mechanics, "In Defense of Elon Musk," 16 Oct. 2018 Senator McCain was foremost an independent thinker, a round peg in a world capital of square holes. Fox News, "The life and legacy of Sen. John McCain," 28 Aug. 2018 Its puzzles consistently capture the satisfaction of fitting a square peg in a square hole without much challenge to speak of. Steven Strom, Ars Technica, "Gnog Review: Short and sweet puzzle unboxing," 12 Aug. 2018 Abandoning the peg hit tourism… …and exports sensitive to exchange rates. Brian Blackstone, WSJ, "How Switzerland Lost a Currency Battle, but Won the War," 20 Apr. 2018 Sign up for the Backchannel newsletter Science Brett, a robot at UC Berkeley, is learning to put a square peg in a square hole the same way that a child does. Matt Simon, WIRED, "Robots Can't Hold Stuff Very Well. But You Can Help," 13 July 2018 Chirinos made an accurate peg to third base, but Beltre whiffed on the reception. Andy Mccullough,, "Matt Kemp ejected in Dodgers' 3-2 extra-inning win over the Rangers," 14 June 2018 Even more charming is the company’s founding story, a now-husband and wife who fell in love with an Ikea couch, but were less enthusiastic about its pegs. Lilah Ramzi, Vogue, "5 Companies That Will Make Your Ikea Furniture Seem Custom-Made," 13 June 2018 While other countries such as Thailand scrapped a dollar peg with its currency, Malaysia adopted one., "Bloomberg," 14 May 2018

Recent Examples on the Web: Verb

Some Wall Street banks have pegged the potential value of Uber Eats at $20 billion alone, which is about one-third of Uber’s total current valuation. Sean O'kane, The Verge, "Uber is testing an on-demand staffing business called Uber Works," 18 Oct. 2018 Mark Judge – Kavanaugh’s friend Ford pegged Mark Judge, a friend of Kavanaugh’s, as a witness to the alleged assault. Kaitlyn Schallhorn, Fox News, "Kavanaugh and Ford to testify in Senate hearing: Key players to watch," 28 Sep. 2018 Behind them, other women pegged swaths of indigo fabrics on bamboo poles, while men in loose navy shirts trickled into the fields that fan out from Zhaoxing’s cluster of slanted wooden roofs. Zandie Brockett, Condé Nast Traveler, "China's Southern Guizhou Region Is Like a Land Lost in Time," 24 Aug. 2018 Healthcare Bluebook, a company that analyzes claims data for consumers and hospitals, pegs the fair range in Los Angeles between $204 and $252 per 45-minute session. Stephanie O'neill, Washington Post, "Father’s And Son’s Injuries Lead To The Mother Of All Therapy Bills," 29 June 2018 According to the National Restaurant Association, 23 percent of all restaurant workers in America are foreign born; Pew pegs the number of undocumented immigrants at 11 percent. Mari Uyehara, GQ, "Blacklist Every Last One of Them," 26 June 2018 After being pegged by Ryan, Ventura decided to settle a score with the tall Texan. Craig Hlavaty, Houston Chronicle, "Ivan 'Pudge' Rodriguez talks about having a front row seat to that Nolan Ryan and Robin Ventura bout," 10 Jan. 2018 And if that's what happens, then Louisville (11-3, 1-0 ACC) can be a very competitive team in a challenging but tough-to-peg league. Jeff Greer, The Courier-Journal, "Which Louisville basketball team will show up at Clemson? | Jeff Greer," 5 Jan. 2018 The indeterminate increase in revenue will help pay down the state's budget deficit, which has previously been pegged at about $700 million for fiscal year 2019, which began July 1. Author: Elwood Brehmer, Anchorage Daily News, "Despite slight production dip, Alaska oil revenue grows in FY18," 13 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'peg.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of peg


15th century, in the meaning defined at sense 1a


1543, in the meaning defined at transitive sense 1a


1681, in the meaning defined above

History and Etymology for peg


Middle English pegge, probably from Middle Dutch

Keep scrolling for more

Learn More about peg

Dictionary Entries near peg







peg and eye

Statistics for peg

Last Updated

15 Nov 2018

Look-up Popularity

Time Traveler for peg

The first known use of peg was in the 15th century

See more words from the same century

Keep scrolling for more

More Definitions for peg

Financial Definition of PEG

What It Is

The PEG ratio is a derivative of the P/E ratio that takes into account future growth in earnings.

How It Works

The formula for the PEG ratio is:

PEG Ratio = Price-to-Earnings (P/E) Ratio / Annual Earnings Per Share Growth

The PEG ratio uses the basic format of the P/E ratio for a numerator and then divides by the potential growth for the stock. The two ratios may seem to be very similar but you can see the obvious difference with a calculation.

Let us take Company XYZ stock. Say XYZ is currently trading with a P/E ratio of 30. Typically, this would be considered an "expensive" stock. But let's also assume analysts forecast growth in earnings per share of +40% for the next year.

In this case, XYZ's PEG ratio would be:

PEG Ratio = 30 (P/E ratio) / +40% (earnings growth) = 0.75

A rule of thumb is that any PEG ratio below 1.0 is considered to be a good value. So even though XYZ is highly valued based on the P/E ratio, the PEG ratio says that it is undervalued relative to its growth potential.

For more explanation of how to use the PEG ratio in conjunction with other valuation ratios, please read our educational article Don't Be Misled By the P/E Ratio.

Why It Matters

The PEG ratio acts as a measure of value that takes into account future growth. Using this metric, investors can gauge whether high-growth stocks may be undervalued, even if they don't appear so with the more common P/E ratio.

Source: Investing Answers



English Language Learners Definition of peg

 (Entry 1 of 2)

: a small piece of wood, metal, or other material that is used to hold or fasten things or to hang things on

: a wooden piece in a musical instrument (such as a violin) that is turned to tighten or loosen a string



English Language Learners Definition of peg (Entry 2 of 2)

: to fasten (something) with pegs

: to put a peg into (something)

: to keep (something, such as a price) at a particular level or rate


\ˈpeg \

Kids Definition of peg

 (Entry 1 of 2)

1 : a small stick or rod (as of wood or metal) used especially to fasten things together or to hang things on

2 : a piece driven into the ground to mark a boundary or to hold something He pounded in a peg for a tent rope.

3 : a level in approval or esteem The new kid took that bragger down a peg.


pegged; pegging

Kids Definition of peg (Entry 2 of 2)

1 : to mark or fasten with a small stick or rod driven into a surface

2 : to work hard I keep pegging away at my job.

Keep scrolling for more

Medical Definition of PEG 

Keep scrolling for more

Comments on peg

What made you want to look up peg? Please tell us where you read or heard it (including the quote, if possible).


a trusted follower

Get Word of the Day daily email!

Test Your Vocabulary

Difficult Vocab Quiz

  • the-education-of-achilles-eugne-delacroix
  • Which is a synonym of discomfit?
Name That Thing

Test your visual vocabulary with our 10-question challenge!


Test Your Knowledge - and learn some interesting things along the way.


Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!