Let us understand it with one inverter (NOT gate) in feedback circuit..
So in 1 propogation delay we get 1 --> 0 assuming 1 as the initial value of the waveform..
Now as this NOT gate is in feedback circuit hence now 0 is served as input to NOT gate..
Hence we will get 0 --> 1 in 2nd propogation delay time interval..
Hence the value "1" is repeated after 2 propogation delay time units..Hence time period with one inverter in feedback circuit is 2 propogation delay units.
Extending the same reasoning to "n" inverters in feedback circuit :
Time period of wave = 2*n*tpd