1) a valley shut off by cliffs and precipices
2) a ravine
Part of Speech: noun feminine
Properly strengthened from the base of G4008 or rather of G4486; a gap or chasm, that is, ravine (winter torrent): - valley.
These two sites give similar information, with the definition from several dictionaries and statistics on the use of the word.
Perseus Digital Library
University of Chicago's Logion lexicon
Thayer's dictionary plus other information.
From this site's dictionary (in Italian)
Click on the first column to search for that word as a form of the root φάραγξ; click on the second column to search for that grammatical form of the root φάραγξ; click on the third column to search for that word and grammatical form; click on the total to search for the root φάραγξ.