\ 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

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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.
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Recent Examples on the Web: Noun

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 The implication was clear: Carrie will be taken down a peg or two — again and again, and professional success was always suspect (a mud puddle ready to sully a princess tutu). Rhonda Garelick, The Cut, "Carrie Bradshaw’s Tutu Paradox," 1 June 2018 Rounded sinks and mirrors seem to be the right peg in a round home. Janet Eastman,, "On the market: Unusual Oregon dome homes (photos)," 19 May 2018 So there were numerous stories on the weaknesses and drawbacks of both of them, which seemed to knock them down a peg, given how closely the president follows the coverage. Howard Kurtz, Fox News, "The Media's Mixed Signals: How Trump got to Brett Kavanaugh," 9 July 2018 For months, Klocke kept the cannon, about 20 to 30 inches long, in his room on two handmade pegs. Cortlynn Stark, kansascity, "50 years after 'mysterious metal' put hole in Kansas school, July 4 pranksters fess up," 2 July 2018

Recent Examples on the Web: Verb

There are analysts in the murky world of 2019 mock drafting already pegging him to rise to No. Conor Orr,, "An NFL Fan’s Viewing Guide to the 2019 College Football Season," 13 July 2018 Today, Didier Deschamps' team have everyone -in France and abroad- pegging them as the favorites to win it all on Sunday. Juan Pimiento,, "Ronaldo's shock transfer, the World Cup semis and the best of the week in soccer," 12 July 2018 Enough to draw a map of his every move and to peg him to the multiple crime scenes. Cristian Farias, Daily Intelligencer, "The Supreme Court Just Put a Ding in the Surveillance State," 22 June 2018 But experts at SportLine peg them as a possible sleeper for the 2018 World Cup. CBS News, "World Cup Saturday: France vs. Australia, Argentina vs. Iceland, Peru vs. Denmark, Croatia vs. Nigeria," 16 June 2018 His coaches pegged him as the next Lionel Messi, whom Appiah met when the Argentine superstar visited Aspire. Laurent Dubois, The Atlantic, "How Not to Scout for Soccer Talent," 14 June 2018 Cook pegs it actually D+1, and Clinton beat Trump here in the Washington, DC, suburbs by 10 points(!) in 2016. Dylan Scott, Vox, "If Democrats want to retake the House, they need to win big in Virginia," 11 June 2018 The Atlantic’s analysis pegged it 17 percent likely written by Trump, based on a complex comparison with past Trump tweets. Annie Linskey,, "Trump’s tweets include grammatical errors. And some are on purpose," 22 May 2018 Casino books pegged them as anywhere from a 200-to-1 to a 500-to-1 long shot to win the Cup. Jason Gay, WSJ, "Rookie Vegas Golden Knights Hit the Jackpot," 20 May 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.

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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

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Learn More about peg

Dictionary Entries near peg







peg and eye

Statistics for peg

Last Updated

6 Sep 2018

Look-up Popularity

Time Traveler for peg

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

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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.

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Medical Definition of PEG 

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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).


an open space surrounded by woods

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