4/3rds is one quarter the area of full frame. APS-C crop format DSLRs are a bit less than half the area of full frame - if they were 1.4x crop factor they would be exactly half.
Crop factor linear, square root is area, ie 1.4 x 1.4 = 2. A typical compact has a crop factor around 5x, and so a sensor area 1/25th the size of full frame. They're flippin tiny, like the size of you little finger nail. Full frame is 24 x 36mm, which is where the image quality comes from.