A switch mode power supply system has a constant on-time signal generator, a logic circuit, a feedback circuit, a first ramp signal generator, a second ramp signal generator, a switch circuit having a power switch, and a comparator. A feedback signal from the feedback circuit is compensated by the first ramp signal generator, and a reference signal is compensated by the second ramp signal generator. The comparator compares the compensated feedback signal with the compensated reference signal to indicate an off time of the power switch while the constant on-time signal generator decides the on-time of the power switch.