The electronic properties of Fischer carbenes [Mo(CO)5−n(Ln){C(Y)Ar}] (n = 1–2, Ar = aryl group) can be tuned by changing the metal environment and their carbene substituents. The effect of substituting the carbonyl ligands of the carbenes, in the presence of Y = OEt, NH2 or NHCy as heteroatom substituent, on the redox potential and electronic properties of a series of experimentally known Mo carbenes has been examined using density functional theory methods, to get theoretical ways of predicting the experimental 1e− reduction (M−) and the 2e− oxidation potential. Several experimental redox potentials - theoretically calculated descriptor relationships were obtained that can be used to predict the reduction and the oxidation potential of the Mo Fischer carbene complexes.