You can make the l.h.s. arbitrarily large compared to the r.h.s., so you won't be able to improve that inequality.
For simplicity, we restrict ourselves to a domain consisting of only two elements: $x\in\{0, 1\}$. Define
$$f(x) = \begin{cases}1,\quad\text{for } x=0,\\X,\quad\text{for } x=1,\\\end{cases},$$
and
$$g(x) = \begin{cases}1/X,\quad\text{for } x=0,\\1,\quad\text{for } x=1,\\\end{cases},$$
where $X>1$ is some parameter.
Then $f/g = X$ always, and can be made arbitrarily large by chosing $X$ large, but
$$\frac{\min f}{\max g}= 1.$$
Comment: There is an analogous statement for the maximum:
$$\max\frac{f(x)}{g(x)} \le \frac{\max f(x)}{\min g(x)},$$
provided that $f,g\ge 0$ and $\min g > 0$.