In free space yes. 468 accounts for the differences in the velocity of propagation of the wave in free space and a metal conductor, and other variables.
The equation is 0.5*c*vf/f, where c is the velocity of light in a vacuum (*exactly* 299792458 m/s or approx 49178511 ft/s), vel_fact is the velocity factor (*which will not be know exactly and that is going to drive the accuracy of the final calculation probably to about two digits*), f is the frequency in Hz, and the 0.5 is for half-wavelength (use 0.25 for quarter wavelength). For bare copper wire, the velocity factor is about 0.95, resulting in 467/f. If one uses the above, ones comes up closer to 467 than 468. The 468, besides maybe being easier to remember, goes back to the historical use of a slightly high rounded off value for the speed of light in the metric system (using 3x10^8 m/s instead of the now defined exact value of 2.99792458x10^8) and converting the result there from metric to English units. But since the result is only going to be accurate to about 2 digits, it is not going to make a real difference.