A power converter circuit includes a power stage that includes a transformer and a switch. The switch can be controlled in response to a PWM signal to provide a primary current through a primary winding of the transformer to induce a secondary current in a secondary winding of the transformer to generate an output voltage. The power stage includes a switching node between the switch and the primary winding having a switching voltage. The circuit also includes a switching controller configured to generate the PWM signal in response to a ramp signal. The ramp signal can have an amplitude of a slope that is proportional to a decay rate of a magnetizing current of the transformer and generated in response to feedback from the power stage. The switch can be activated in response to the switching voltage having an amplitude of approximately zero volts based on the amplitude of the ramp signal.