Disclosed herein is a power converter with low step down conversion ratio with improved power conversion efficiency. The power converter includes a first inductor to receive the input voltage, and a second inductor to supply the output voltage to a load. The first inductor and the second inductor are electromagnetically coupled to each other. The power converter further includes a first switch coupled between the first inductor and the second inductor. The first switch is switched according to a pulse having a frequency corresponding to a resonant frequency of (i) a series inductance between the first inductor and the second inductor and (ii) a parallel capacitance across the first switch. The power converter further includes a second switch coupled to the first switch and the second inductor to supply a reference voltage to the second inductor according to another pulse having the frequency.