A frequency stable oscillator with compensation circuit, the device includes a ring oscillator circuit having S number of stages, a current generator circuit configured to generate a first current, a replica circuit having an inverter with output connected to input, configured to generate a first voltage upon dumping a second current onto the replica circuit, a first operational transconductance amplifier (OTA) with an input as the first voltage, configured to generate a third current and a current mirror circuit configured to generate a fourth current by adding the first current and the third current in a particular ratio M:N, wherein the inverter of the replica circuit is equivalent to a single stage of the ring oscillator circuit and wherein the fourth current is the total current for the ring oscillator circuit and is as close as possible to S times the second current.