An adaptive current limiter including a conversion network and an amplifier network developing an adaptive current limit signal for use by a switching regulator to limit peak current through an inductor of the switching regulator. The switching regulator develops a pulse control signal for controlling switching of current through the inductor to convert an input voltage to an output voltage. The conversion network provides a limit value by applying a duty cycle of the pulse control signal to a reference value. The amplifier network is configured to develop the adaptive current limit signal based on the limit value. The conversion network may multiply the reference value by the duty cycle to develop the limit value. The amplifier network may include a current source providing a fixed reference current to an amplifier to establish a minimum level of the adaptive current limit signal.