Gear Ratio and Output Torque
A gear pair trades speed for torque. The gear ratio sets both the speed reduction and the torque multiplication.
The gear ratio is GR = N_out/N_in and the output torque is T_out = T_in·GR (ignoring losses). where N_out and N_in are the output and input tooth counts and T_in the input torque.
The ratio is the driven-to-driver tooth count.
Output torque is multiplied by the gear ratio.
Results
A ratio above 1 reduces speed and multiplies torque by the same factor; the output shaft turns GR times slower than the input. Real gears lose a few percent to friction.