\ 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

Noun Her coat hung on a peg by the door. took the arrogant student down a peg Verb 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 Back then, many were held in place by straps lashed to a peg. cleveland, "Houston Astros crossed baseball’s fine line with sign-stealing scandal," 25 Jan. 2020 Analysts say this should help the city maintain the Hong Kong dollar’s peg to the U.S. dollar even amid social and political uncertainty. Steven Russolillo, WSJ, "Moody’s Downgrades Protest-Torn Hong Kong," 21 Jan. 2020 Last month, the fashion company Tory Burch introduced a game in a nearby hallway with a tall, brightly colored peg board that wouldn’t look out of place on a carnival midway. New York Times, "Dying Malls? This One Has Found a Way to Thrive," 14 Jan. 2020 By choosing to retain the peg, west African governments are deliberately binding their own hands. The Economist, "Making sense of west Africa’s new currency," 4 Jan. 2020 The Scrambler has an automatic transmission, floorboards instead of foot pegs, all-wheel drive, and independent rear suspension. Ezra Dyer, Popular Mechanics, "The Polaris Scrambler Is Absolutely Useless—and Completely Exhilarating," 25 Dec. 2019 Kushner's temporary security clearance was knocked down a peg last week while the investigation of his full security clearance continues, which could significantly hamper his ability to do his job. Amber Phillips, Washington Post, "Jared Kushner has gotten away with more security clearance omissions than most federal employees," 28 Feb. 2018 Since a 1997 dollar peg set by the Central Bank, Lebanese pounds have been fixed at an exchange rate of 1,500 pounds to the U.S. dollar. Washington Post, "Lebanon’s vital tourism industry takes huge hit amid turmoil," 20 Dec. 2019 The pegs help prevent the details from falling out, too. Kelly Allen, House Beautiful, "Target’s Snowman Kit Adds the Finishing Touches to Your Snowman," 11 Dec. 2019 Recent Examples on the Web: Verb Statewide national defense spending is pegged at about $500 million this year in the report, which is about $200 million less than 2019. Elwood Brehmer, Anchorage Daily News, "No big Alaska earthquake in 2019 means less construction spending in 2020," 31 Jan. 2020 The rally, after all, is pegged on the hope that growth will revive. Pramod Mathew, Quartz India, "These ten charts tell you everything about the Indian economy ahead of Budget 2020," 30 Jan. 2020 The terms of the deal were pegged at roughly $3 billion. Bernhard Warner, Fortune, "Big Tech vs. coronavirus: can Apple, Amazon and Microsoft restore calm to the global markets?," 28 Jan. 2020 Gueye was pegged with four fouls but contributed five points in limited minutes. Evan Dudley, al, "UAB suffers 72-58 loss to Louisiana Tech," 25 Jan. 2020 Orlando was pegged to help run the Red Raider defense as LB coach and assistant head coach. Scott Bell, Dallas News, "Less than two weeks after joining Texas Tech’s staff, former Texas DC Todd Orlando bolts for USC," 20 Jan. 2020 The value of Lebanon’s currency has been long pegged at 1,507.5 Lebanese pounds to a U.S. dollar, and although the official rate remains untouched, the rate at exchange bureaus has hit 2,500 pounds to the dollar. Sarah Dadouch, Washington Post, "Dozens arrested as protests resume in Lebanon after weeks of relative calm," 15 Jan. 2020 The high temperature in Milwaukee on Wednesday is pegged at 38 and the high Thursday is forecast to hit 45 degrees. Joe Taschler, Milwaukee Journal Sentinel, "As snow moves out, cold moves in for New Year's Eve; warmer temperatures and perhaps another storm on the way," 31 Dec. 2019 Since a crash in the Lebanese pound in the early 1990s, the currency has been pegged to the dollar. Bassem Mroue,, "Fear, turmoil in Lebanon as its financial crisis worsens," 21 Nov. 2019

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

Time Traveler for peg

Time Traveler

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

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Statistics for peg

Last Updated

8 Feb 2020

Cite this Entry

“Peg.” Dictionary, Merriam-Webster, Accessed 19 Feb. 2020.

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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


How to pronounce PEG (audio)

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

Thesaurus: All synonyms and antonyms for peg

Rhyming Dictionary: Words that rhyme with 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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