So its correct if your gears haven't been changed. 2.73 is the wussiest gear you can get. 3.08 is pretty much wussy too.
I usually do the count thing. Lift one wheel. Turn the tire exactly 1 full revolution and count how many times your yoke spins per 1 tire revoloution. IF you got a locker, its 1:1 ratio, so for example if the yoke turned just a hair over 4 times, then you have 4.10. If it turned 4.5 times, then you have 4.56 gears. If it turns 2.75 or 2 3/4 turns, then you have 2.73 gears. So you see, those are pretty easy. BUT, if its an open differential peg legger, you muliply by 2, becase the spiders are turning in an opposite direction at the same time. So here are some examples.
1.5 or 1 1/2 turns x 2 = 3 is 3.08
2 turns x 2 = 4 is 4.10
2.25 or 2 1/4 turns x 2 = 4.5 is 4.56
1 3/4 or 1.75 turns x 2 = 3.5 is 3.42 or 3.54
Its very easy and very basic math. Notice I rounded these off. So for purpose of being even more acurate, a 3.42 ratio is going to be just under 1 3/4 turns and a 3.54 ratio will be just over 1 3/4 turns. Its helps to know what gear ratios are available in your model of rear end to determine the ratio. I happen to know in the Chevy 1/2 ton trucks for example they run a 3.42 ratio and a 3.54 is not available. 3.54 is availabe in Dana 60 and Dana 70 though. 1/2 ton Fords in the older body styles didn't run a 3.42, they ran a 3.55 so as long as you know what gear ratios are available for your model and can do basic math, you can alwasy determine your gear ratio without removing the cover, although, that is the most accurate way to do it. I've never been wrong on determining a gear ratio by counting yoke turns off a wheel spin.