Yes, but there are a few things to keep in mind: the weight of the guns, the material the pegboard is made from, and the distance the gun will be supported away from the pegboard. Depending on the weight of the gun, you will want to choose the pegboard material appropriately. Usually metal pegboard is used, and commonly brushed aluminum or diamond plate aluminum is the metal of choice because it will not rust and looks good. Stainless steel is also a good option and is even stronger than aluminum. How you hang the guns is also something to consider. The farther away the pegboard hooks hang the gun from the pegboard, the more leverage the weight has on the peg hook and pegboard panel. So it’s best to keep the gun mounted closest to the pegboard.