\ 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

And then Mayock’s boss, Gruden, knocked him down a peg or two. Dieter Kurtenbach, The Mercury News, "Kurtenbach: Jon Gruden sent two clear messages by not suspending Antonio Brown [Updated]," 6 Sep. 2019 Sheffield United comes to the Bridge looking to knock Chelsea down a peg or two. Si Wire,, "Chelsea vs. Sheffield United Live Stream, TV Channel: Watch Premier League Online," 31 Aug. 2019 Some speculators have recently been betting more aggressively against the Hong Kong dollar, believing the peg will break, said Jeffrey Halley, senior market analyst for Asia Pacific at Oanda. Sherisse Pham, CNN, "Protesters are calling for a run on the Hong Kong dollar. Here's why that won't work," 6 Sep. 2019 As America’s trade balance sagged and inflation rose in the 1960s and 1970s, faith in the dollar’s peg to gold waned. The Economist, "What comes after Bretton Woods II?," 15 Aug. 2019 The peg for this story is that Democrats have a new draft framework for privacy legislation. Casey Newton, The Verge, "New legislation is putting social networks in the crosshairs," 1 Aug. 2019 The impending vote on the United States-Mexico-Canada Agreement (USMCA) will give candidates a peg to discuss their views on trade and tariffs. Caitlin Conant, CBS News, "2020 Sunday Trail Markers: Everything to watch for at this week's debate," 28 July 2019 Shelby Harris moves up a peg on the depth chart to start at nose tackle. Ryan O'halloran, The Denver Post, "Broncos Position Preview: Same faces, maybe different roles for defensive linemen," 10 July 2019 Despite this timely news peg, the debate moderators failed to ask a single question about the state of American democracy. Adam Eichen, The New Republic, "Restoring Democracy is Not Open to Debate," 2 July 2019

Recent Examples on the Web: Verb

Having taken an early lead through Robbie Fowler, Liverpool were pegged back to 2-1 within 14 minutes by Les Ferdinand and David Ginola., "Liverpool vs Newcastle: 6 Classic Clashes Ahead of Saturday's Premier League Game," 12 Sep. 2019 The pitch that hit Reynolds first pegged Texas leadoff man Shin-Soo Choo, and a walk and a single followed to load the bases. Baltimore Sun Staff,, "Rangers score six in first, send Orioles to fourth straight loss, 9-4," 8 Sep. 2019 Alex Miller, founder of, pegs the average cost to attend a destination bachelorette party in the US at at $1,400. Hope Corrigan, Quartzy, "Today’s bachelorette parties have everything—except budgets," 6 Sep. 2019 Halep saved a pair of match points herself on Townsend's serve at 5-4 in the third but instead of cruising to victory was pegged back in the seesaw tiebreak that ultimately went the way of the world No. 116. Ravi Ubha, CNN, "Simona Halep stunned by net-rushing qualifier Taylor Townsend at the US Open," 30 Aug. 2019 Analysts initially pegged the film to earn $8 million to $11 million. Los Angeles Times, "‘Angel Has Fallen’ tops box office; ‘Overcomer’ is solid and ‘Ready or Not’ trails," 25 Aug. 2019 One estimate in 2010 pegged the cost of repairs at up to $5 million, or $5.9 million in today’s dollars. Kenneth R. Gosselin,, "Long-vacant state office tower in Hartford ⁠— once studied for ‘sick building’ syndrome ⁠— has a buyer," 15 Aug. 2019 According to the filings, one Johns Hopkins University study pegged the cost at as much as $453 billion over 10 years with the biggest portion going to addiction treatment. Washington Post, "What to do about suspicious orders is focus in opioid case," 19 July 2019 Verdugo pegged catcher Russell Martin, who placed the tag on Devers. Andy Mccullough,, "Hyun-Jin Ryu starts rough but finishes strong in Dodgers’ win," 14 July 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

Dictionary Entries near peg







peg and eye

Statistics for peg

Last Updated

18 Oct 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

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 topic to which one constantly reverts

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