peg

noun
\ 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

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

peg

adjective
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

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 The film’s news peg may be the current administration, but its target is self-satisfied liberals who more or less trust the system. Alissa Wilkinson, Vox, "In Fahrenheit 11/9, Michael Moore spares no one — especially self-satisfied liberals," 7 Sep. 2018 Over the course of both the book and the film, Lara Jean learns how to knock the boys immortalized in her letters down a peg, and to take risks in both love and life. Ella Cerón, Teen Vogue, "Noah Centineo Wants You to Find Your Own Peter Kavinsky," 6 Sep. 2018 Policymakers finally eased their grip on the dirham on Jan. 15, allowing the currency to trade 2.5 percent above or below the official peg, compared with 0.3 percent either side previously. Bloomberg.com, "Morocco Says Currency Float Up to 15 Years Away as Reforms Vital," 29 Jan. 2018 Much of it is myopic and small-brained, from sideline observers gleefully salivating at the opportunity to take him down a peg. Popular Mechanics Editors, Popular Mechanics, "In Defense of Elon Musk," 16 Oct. 2018 Senator McCain was foremost an independent thinker, a round peg in a world capital of square holes. Fox News, "The life and legacy of Sen. John McCain," 28 Aug. 2018 Its puzzles consistently capture the satisfaction of fitting a square peg in a square hole without much challenge to speak of. Steven Strom, Ars Technica, "Gnog Review: Short and sweet puzzle unboxing," 12 Aug. 2018

Recent Examples on the Web: Verb

Some analysts have pegged PG&E’s potential liability from the 2017 fires at as much as $15 billion. Maria Armental, WSJ, "PG&E Stock Tanks on Wildfire Liability Concerns," 14 Nov. 2018 The latest odds peg the Cowboys at 40-to-1 to snap what's become a 23-year Super Bowl drought, according to oddsmakers at www. Drew Davison, star-telegram, "The Cowboys aren't Vegas darlings to win Super Bowl. But are they close?," 1 June 2018 Estimates from last year peg the smaller option at $11.8 million and larger space at $13.4 million. Steve Dreyer, Pomerado News, "Architect picked for new community center," 16 May 2018 Estimates currently peg the number of slaves in the world at between 20 million and 40 million, with one going as high as 45.8 million. Aaron Blake, Washington Post, "Trump says human trafficking ‘is worse than it’s ever been in the history of the world.’ Where to even begin?," 19 Apr. 2018 Early estimates peg the project at $260,000, though the current budget only sets aside $120,000 for the repair. Hillary Davis, latimes.com, "$260,000 plan to restore Fountain Valley's City Hall fountain overflows current budget," 7 Mar. 2018 Many companies peg health claims on a hodge-podge of inconclusive experiments in mice or rats, in cell cultures, and possibly in trials in small cohorts of people. Beth Mole, Ars Technica, "Supplements are a $30 billion racket—here’s what experts actually recommend," 20 Feb. 2018 The government also decided last summer to stop pegging pension payments to the rate of inflation, a measure that takes effect at the start of next year. Stacy Meichtry, WSJ, "Protests Threaten Macron’s Campaign to Remake France," 9 Dec. 2018 There's a now-infamous pegging scene in a Broad City episode that recently repopularized the term. 6. Sophie Saint Thomas, Allure, "17 Sex Terms You Were Too Embarrassed to Ask About, Defined," 20 Sep. 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

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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Learn More about peg

Dictionary Entries near peg

peewit

peff

PEG

peg

pega

peg and eye

peg-and-socket

Statistics for peg

Last Updated

11 Jan 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

peg

noun

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 \

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

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

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