The invention provides a shift register circuit, a waveform generating method thereof and a display panel with same. The shift register circuit comprises a plurality of stages of shift registers. Each shift register comprises the components of a first switch of which the control end is electrically coupled with a first node, the first end is electrically coupled with a frequency signal, and the second end is electrically coupled with a pulse signal; a second switch of which the control end is electrically coupled with an input pulse signal, the first end is electrically coupled with the pulse signal, and the second end is electrically coupled with the first node; a third switch of which the control end is electrically coupled with the second node, the first end is electrically coupled with an output pulse signal, and the second end is electrically coupled with a low preset level; a fourth switch of which the control end is electrically coupled with the second node, the first end is electrically coupled with the first node, and the second end is electrically coupled with the low preset level; and a compensating circuit which comprises a fifth switch, wherein the control end of the fifth switch is electrically coupled with the output pulse signal, the first end is electrically coupled with the output pulse signal, and the second end is electrically coupled with the low preset level.