The reaction is
Fe2O3⟶Fe3O4
The oxidation number of Fe in Fe2O3 is +3.
The oxidation number of Fe in Fe3O4 is +2.67.
During the reaction, the change in the oxidation number for one Fe atom is
3−2.67=0.334.
The change in the oxidation number for three Fe atom is
3×0.334=1.
The n factor for Fe3O4 is 1.