\ ˈpeg How to pronounce peg (audio) \

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

Ahead of the left peg is a sequential foot shifter. Ezra Dyer, Popular Mechanics, "Why the Honda CRF50F Is the Quintessential Starter Dirt Bike," 28 Nov. 2018 Sans facts, the media used the Times report as a peg to reprise the various and sundry Trump-Russia connections that so far add up to pencil dots without a collusion narrative. The Editorial Board, WSJ, "How About Some Russia Facts?," 14 Jan. 2019 It’s like trying to put a square peg in a round hole. Noemie Bisserbe, WSJ, "French ‘Yellow-Vest’ Protesters to Seek European Parliament Seats," 23 Jan. 2019 This is ultimately just a way to fit a square peg in a round hole, after all. Eric Limer, Popular Mechanics, "Finally, An Android Charging Cable As Good As the iPhone's," 12 Aug. 2015 In doing so, the photos knock one of Gomez's other posts down a peg. Andrea Park, Glamour, "Selena Gomez Just Topped Her Own Instagram Record, and All It Took Was a Happy Hour," 13 Sep. 2018 The most likely peg for a Diablo project reveal is less than three months away, as Blizzard Entertainment's annual BlizzCon event will take place in Anaheim on November 2 and 3. Sam Machkovech, Ars Technica, "Blizzard confirms “multiple Diablo projects” in production, news by end of 2018," 8 Aug. 2018 The outrage cycle gets covered in the media (including on this very website), which only boosts the profile of Baron Cohen’s show among those who wouldn’t mind seeing Palin or Moore knocked down a peg or two. Todd Vanderwerff, Vox, "Sacha Baron Cohen’s new show arrives with a swirl of outrage-driven hype. Don’t believe it.," 15 July 2018 For someone whose family-planning goals haven’t progressed beyond putting blue and pink pegs in the backseat while playing the board game Life, is this all a bit much? Laura Regensdorf, Vogue, "At 35, I Went to a Millennial Egg-Freezing Clinic—and Now I’m Rethinking My Future," 12 Nov. 2018

Recent Examples on the Web: Verb

Estimates of the animal's weight vary, but some experts peg it at nearly 600 pounds. William Gurstelle, Popular Mechanics, "'Game of Thrones' Science: Could a Person Ride a Dragon?," 15 Apr. 2019 Touchdown Wire's Doug Farrar recently pegged him as a candidate for the NFL Comeback Player of the Year Award. Jeremy Cluff, azcentral, "Is David Johnson the NFL's best running back? The Arizona Cardinals RB thinks he is," 7 June 2019 For chum salmon, this year's Alaska catch is pegged at 21 million, down by nearly four million from last year's huge 25 million haul, the largest catch in in 47 years. Laine Welch, Anchorage Daily News, "Here’s how Alaska fishery managers expect this salmon season to play out," 15 May 2018 The start of the current bull market is pegged to the closing price for the Standard & Poor’s 500 index on March 9, 2009, a 12-year low., "The bull market's 9-year anniversary in 9 numbers (NerdWallet)," 15 Mar. 2018 The legislation also alters the size of the District’s estate-tax exemption, which was previously pegged to the federal exemption and rose to about $11 million because of the Republican tax bill approved by Congress last year. Peter Jamison, Washington Post, "D.C. Council finalizes $14.5 billion budget, including new taxes and spending," 26 June 2018 Just as Lyon were being pegged back to 2-2 over 500km away in Strasbourg, Brazilian Fabinho calmly slotted into the corner for a vital win. Jed Court,, "Ligue 1 Recap: Monaco reach second place as Lyon stumble," 12 May 2018 Inflation aside, the Reserve Bank of India’s job is being complicated by mounting corporate and banking scandals, which analysts at Goldman Sachs Group Inc. say could peg back growth and cloud the investment climate if regulations are tightened. Kartik Goyal,, "India's Central Bank Is Set to Keep Bond Market Party Going," 3 Apr. 2018 Hae Min Lee’s body was found in a shallow grave in a local park, immediately treated as a homicide, and Syed, her high school sweetheart, was pegged as the killer. David Canfield,, "Serial subject Adnan Syed granted new trial," 29 Mar. 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

14 Jun 2019

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 How to pronounce peg (audio) \

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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More from Merriam-Webster on peg

Rhyming Dictionary: Words that rhyme with peg

Thesaurus: All synonyms and antonyms for peg

Spanish Central: Translation of peg

Nglish: Translation of peg for Spanish Speakers

Britannica English: Translation of peg for Arabic Speakers

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