Normally the back of pegboard is not exposed to public view. Fixturing is configured in such a way that fresh Pegboard faces out both front and back. Here is an Island Spinner display that manages to use one face of pegboard on all of its wings in a swastica-like configuration. All Wire Safety Loop Hook backs are mostly hidden by product in the next the next niche of the roundel.

For Spinner Merchandising Fixtures by Title see…
Straight-Entry Island Spinner
Tape Spinner is Diamond Plate
Twin-Tier Spinner for Walking Canes
Corrugated Island Spinner
Produce Partners Idea Center
J-Hook Counters Centrifugal Force
Roundel of One-Sided Pegboard

For all Spinner Merchandising Fixtures resources see…
Spinner Merchandising Fixtures Pinterest Board“ visual summary
Spinner Merchandising Fixtures Index Page” for all resources

Spinner Merchandising Fixtures Pinterest Board