peg

noun
\ 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

peg

verb
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 In mighty acorn run, a plinko-style game, players launched an actual acorn down a board filled with pegs and into cups listing something that might happen to an acorn, such as being picked up by a hiker. Rachel K. Hindery, chicagotribune.com, "Kids learn creative re-use can be fun with ‘Faire at the Square’ environmental message," 16 Sep. 2019 The couple who originally built the house had done so by hand, bringing in peg and groove floorboards, reclaimed moldings, and an extra-large front door. Samantha Weiss Hills, Curbed, "Embracing indoor-outdoor living in the South Carolina marshlands," 29 July 2019 It was made of maple, with a hollow sound box and tuning pegs made of ash. Roff Smith, National Geographic, "New research questions famed burial of ‘first’ Christian Anglo-Saxon king," 8 May 2019 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, SI.com, "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 Recent Examples on the Web: Verb The concerns have taken a toll on its valuation, with he Wall Street Journal reporting that underwriters and bankers are now pegging its value at between $15 billion to $20 billion, rather than the earlier $47 billion. CBS News, "Despite a hot year for IPOs, WeWork's stock sale is delayed," 17 Sep. 2019 Tinker Trees were actual branches of different sizes, with holes and pegs that kids could arrange into structures and shapes. Rachel K. Hindery, chicagotribune.com, "Kids learn creative re-use can be fun with ‘Faire at the Square’ environmental message," 16 Sep. 2019 Now, as part of IPO planning, WeWork’s financial advisers are pegging the company’s valuation at about the same price as the Vision Fund paid in 2017 and half what SoftBank Group paid in January. Fortune, "WeWork’s Slumping IPO Valuation Isn’t Investor SoftBank’s Only Major Problem," 13 Sep. 2019 Besides the passenger package (which gives you the rear seat, a protective wheel skirt, and retractable foot pegs), there's also a $99 center console option, which is basically a cargo bucket that attaches to the frame. Ezra Dyer, Popular Mechanics, "Rad Power Bikes Just Built a Two-Seat Electric Minibike," 12 Sep. 2019 Very little tingle was felt through bars or pegs despite pushing high revs in the canyons — with a decent V-twin-like sound and a raspy exhaust crackle on throttle lift. Joe Michaud, San Diego Union-Tribune, "2019 KTM 790 Duke: a lightweight, midsize rocket of a bike," 25 Aug. 2019 Wu says his team has pegged the film at a total China run in the range of RMB 2 billion ($282 million). Patrick Brzeski, The Hollywood Reporter, "China Box Office: 'Hobbs & Shaw' Revving Up for $75M-$100M Debut," 22 Aug. 2019 In September, quad witching coincided with major changes to several popular ETFs pegged to sector indexes. Asjylyn Loder, WSJ, "Traders Prep for ‘Quad Witching’ Amid Market Gains," 21 June 2019 Those in Bruins management point to Brad Marchand as a reason why no player, no matter his pedigree, should be forever pegged as a grinder. BostonGlobe.com, "(Debee Tlumacki for The Boston Globe)," 15 Sep. 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

Noun

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

Verb

1543, in the meaning defined at transitive sense 1a

Adjective

1681, in the meaning defined above

History and Etymology for peg

Noun

Middle English pegge, probably from Middle Dutch

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Statistics for peg

Last Updated

1 Nov 2019

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

peg

noun
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

peg

verb

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

peg

noun
\ 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.

peg

verb
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

Comments on peg

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