pretty much.
30 cal is 0.300" dia to the top of the lands and 0.308" dia to the bottom of the grooves.
270 cal is .270" to the lands, .277" grooves.
Then some they just make up a name thats close to sound unique, like .307, which is a 30 cal.
Then some are just wacky, like 38 cal which are .357" dia.