The gearbox vibration signal of a planetary gear set contains multiple components caused by different excitations. Separating the gearbox vibration signal to decouple its components can provide core information for operational status monitoring. In this paper, we propose an indirect gearbox vibration signal separation method based on parameter identification. A novel vibration signal model is established using the modal shape of ring gear. A parameter identification method is adopted to determine the parameters of the vibration signal model. The vibration signal components are reconstructed based on the vibration signal model and identified parameters. To evaluate the performance of the proposed method, a ring gear response calculation method derived from the elastic theory of ring gear is presented. The influences of unequal load sharing and meshing position errors on vibration signals are studied through numerical simulations using the calculation method. Experiments are conducted in a planetary gear set test rig. Comparisons between the experimental results obtained by the separation and calculation methods indicate the effectiveness of the proposed separation method.