F value is about how fast a lens collects lights .This speed is determined by the Focal Length(FL) and the Diameter(D) of a lens; f-number = FL/D.
Larger FL, if the Diameter is same, makes higher f-number (like f/4 or f/8) lens that collects less lights to the camera sensor and results a slower lens. Lower f-number (like f/1.2 or f/1.4) lenses pass more lights to the camera sensor. Larger Diameter, if the FL is given, will make a lower f-number lens which can operate in lower light level.
In conclusion, the lower the f-number, the more lights reaching the camera sensor and the better the video picture. The f-numbers are usually marked at the iris rings of lenses.