\ 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

The male on the bicycle with red pegs and brakes travels on Brookford Street, down Woodbine Street, before disappearing in the area of Warren Street. Alyssa Lukpat,, "Boston police look to identify suspects who allegedly robbed and blindfolded woman in her Dorchester apartment," 9 Aug. 2019 The profile treats Franzen’s novels as an afterthought, his new essays as a peg, and his devotion to bird-watching as a personality quirk. Christian Lorentzen, Harper's magazine, "Like This or Die," 10 Apr. 2019 Strategically positioned at the crossroads of Europe and Asia, and sharing a border on the Black Sea with Russia, Turkey has long been both a vital peg in NATO and one of its more prickly members. Carlotta Gall,, "Turkey gets first shipment of Russian missile system, defying US," 12 July 2019 His sister is a smart square peg who took off running at the end of Season 3; in the new season, the family is trying to find her, a trip that takes them to a Tibetan lamasery, down South American rivers and onto a Japanese game show. Robert Lloyd,, "‘The Detour's’ Jason Jones on how the family that strays together stays crazy-sweet grounded," 8 July 2019 These holes are filled with square pegs of white pine and new calks driven into the wood. Popular Mechanics Editors, Popular Mechanics, "The Lost Art of Floating Logs Down the River," 16 Feb. 2019 But the fit between metrics was usually imprecise — a square peg in a round hole type of situation. Quanta Magazine, "Universal Method to Sort Complex Information Found," 13 Aug. 2018 Chinese rivals might like to take it down a peg or two. The Economist, "UBS faces a China backlash because of a quip about pigs," 21 June 2019 Biden's eight-year partnership with the nation's first black president didn't shield him from the uproar that followed, stoked by Booker and other contenders who've been patiently waiting for the chance to knock him down a peg or two. Arnessa Garrett, Dallas News, "Paxton prosecutors don't get rehearing, Chip Roy's crusade continues, slavery reparations discussed, and Dallas feels fiscal squeeze," 20 June 2019

Recent Examples on the Web: Verb

The result has been a crash program to construct new apartments meant as permanent housing for homeless people across the city at a median cost that Galperin pegs at $520,000 each. Chris Woodyard, USA TODAY, "$700K for an apartment? The cost to solve the homeless crisis is soaring in Los Angeles," 20 Aug. 2019 Presumably, in addition to the city’s financial straits, which includes a deficit that has been pegged at near $1 billion, the mayor also will discuss some possible solutions on how to mop up the red ink. Lisa Donovan,, "The Spin: A preview of Lightfoot’s primetime speech tomorrow - and the taxing question," 15 Aug. 2019 Reyes Beverage Group, one of the biggest food and drink distributors in the nation, is buying DBI Beverage for an undisclosed amount that some reports have pegged at about $400 million. Levi Sumagaysay, The Mercury News, "Beer buyout: 1,079 losing jobs in Bay Area and beyond," 6 Aug. 2019 The grand jury said in its report that a senior manager at BART had pegged the fare evasion rate significantly higher, at 15%. Rachel Swan,, "BART chief: 5% of riders cheat fares, not 15% as reported by grand jury," 25 June 2019 Bank of America analyst Wamsi Mohan in a note pegged the drop at an even bigger 10 million devices, or 20% of current unit sales. Rachel Layne, CBS News, "Apple and its customers may be biggest losers under new Trump China tariffs," 2 Aug. 2019 At the time of its filing that its wildfire liabilities, PG&E pegged its wildfire liabilities at about $30 billion, but that figure was an estimate. J.d. Morris,, "Wildfire victims must file claims against PG&E by Oct. 21, judge says," 26 June 2019 Shanghvi with his net worth pegged at $21 billion (Rs1.5 lakh crore at current rates) had dethroned Mukesh Ambani to become the richest Indian. Soma Das, Quartz India, "Once India’s richest man, this pharma tycoon valued his anonymity over wealth," 21 June 2019 Earlier this year, Deutsche Bank pegged it at $33 billion, and later Morgan Stanley estimated it at $45 billion. Marc Schneider, Billboard, "Vivendi Chairman Says Universal Music Group Sale 'Still On Track' -- Just Not This Year," 19 June 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

12 Sep 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).


readily or continually undergoing change

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