The ratio of two standard normal random variables ($\mu = 0, \sigma = 1$) is a Cauchy distribution. The Cauchy has an undefined variance (and hence undefined standard deviation). For other normals, the distribution is complex, indeed.
See http://en.wikipedia.org/wiki/Ratio_distribution
Of course, for any two samples from random variables, you can compute whatever you like. E.g.,
set.seed(20181)
x1 <- rnorm(100)
x2 <- rnorm(100)
ratio <- x1/x2
sd(x1)
sd(x2)
sd(ratio)
The SD of the ratio is 5.35.
But with a different seed, the SD can be very different. I ran this with 3 different seeds and got values as high as 11.21.