Concept:
We calculate the moment of inertia for the two distinct geometries. The moment of inertia of a body is a measure of its resistance to rotational acceleration.
Step 1: Moment of inertia of the thin uniform rod (\( I_1 \)).
For a rod of mass \( M \) and length \( L \), rotated about its center of mass:
$$ I_1 = \frac{ML^2}{12} $$
Step 2: Moment of inertia of the ring (\( I_2 \)).
When the rod of length \( L \) is bent into a ring, its circumference \( 2\pi R = L \), so the radius \( R = \frac{L}{2\pi} \).
The moment of inertia of a thin ring about its center of mass is \( MR^2 \).
Using the Parallel Axis Theorem for a tangent axis perpendicular to the ring's plane:
$$ I_2 = I_{cm} + MR^2 = MR^2 + MR^2 = 2MR^2 $$
Substituting \( R = \frac{L}{2\pi} \):
$$ I_2 = 2M\left(\frac{L}{2\pi}\right)^2 = 2M\frac{L^2}{4\pi^2} = \frac{ML^2}{2\pi^2} $$
Step 3: Calculate the ratio.
$$ \frac{I_1}{I_2} = \frac{\frac{ML^2}{12}}{\frac{ML^2}{2\pi^2}} $$
$$ \frac{I_1}{I_2} = \frac{1}{12} \times 2\pi^2 = \frac{\pi^2}{6} $$
$$\boxed{\frac{\pi^2}{6}}$$