The velocity factor (VF), also called wave propagation speed or velocity of propagation (VoP or ), of a transmission medium is the ratio of the speed at which a wavefront (of an acoustic signal, for example, or an electromagnetic signal, a radio signal, a light pulse in a fibre channel or a change of the electrical voltage on a copper wire) passes through the medium, to the speed of light in a vacuum. For optical signals, the velocity factor is the reciprocal of the refractive index.
The speed of radio signals in a vacuum, for example, is the speed of light, and so the velocity factor of a radio wave in a vacuum is unity, or 100%. In electrical cables, the velocity factor mainly depends on the insulating material (see table below).
The use of the terms velocity of propagation and wave propagation speed to mean a ratio of speeds is confined to the computer networking and cable industries. In a general science and engineering context, these terms would be understood to mean a true speed or velocity in units of distance per time, while velocity factor is used for the ratio.