The natMo(γ,xnp)95m,gNb photonuclear reaction was studied using the electron beam from the NSC KIPT linear accelerator LUE-40. The experiment was performed using the activation and off-line γ-ray spectrometric technique. The experimental isomeric yield ratio IR was determined for the reaction products 95m,gNb at the bremsstrahlung end-point energy E
γmax range of 38–93 MeV. The obtained values of IR are in satisfactory agreement with the results of other authors and extend the range of previously known data. The theoretical values of the yields Y
m,g(E
γmax) and the isomeric yield ratio IR for the isomeric pair 95m,gNb from the natMo(γ,xnp) reaction were calculated using the partial cross-sections σ(E) from the TALYS1.95 code for six different level density models LD. 
At the investigated range of E
γmax the theoretical dependence of IR on energy was
confirmed — the isomeric ratio smoothly increases with increasing energy. The comparison showed a noticeable difference (more than 3.85 times) of the experimental isomeric yield ratio relative to all theoretical estimates.