The phrase "one-fourth of" is correct and commonly used in written English.
It is used to indicate a fraction or portion of something. Example: One-fourth of the students in the class were absent today. I only ate one-fourth of the pizza because I was full.
Exact(48)
"You're one-fourth of the world's population.
"It's about one-fourth of the surplus".
Just one-fourth of scholars hold that view.
Almost one-fourth of Australians professed no religion.
About one-fourth of the population is employed in agriculture.
Nuclear-generating stations contribute about one-fourth of the total.
Similar(12)
There also are bastis built on less than one-sixth of an acre (one-fifteenth of a hectare).
About one-third of it.
One-third of Syrians are now displaced.
One-third of shark species are endangered.
"The pickle?" One-tenth of a cent.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com