Olympus E-P3 vs Panasonic TZ95

The Olympus PEN E-P3 and the Panasonic Lumix DC-TZ95 (labelled Panasonic ZS80 in some countries) are two digital cameras that were revealed to the public, respectively, in June 2011 and February 2019. The E-P3 is a mirrorless interchangeable lens camera, while the TZ95 is a fixed lens compact. The cameras are based on a Four Thirds (E-P3) and a 1/2.3-inch (TZ95) sensor. The Olympus has a resolution of 12.2 megapixels, whereas the Panasonic provides 20.2 MP.

Below is an overview of the main specs of the two cameras as a starting point for the comparison.

Headline Specifications

Olympus E-P3		Panasonic TZ95
Mirrorless system camera		Fixed lens compact camera
Micro Four Thirds lenses		24-720mm f/3.3-6.4
12.2 MP – Four Thirds sensor		20.2 MP – 1/2.3" sensor
1080/60i Video		4K/30p Video
ISO 200-12,800		ISO 80-3,200 (80 - 6,400)
Viewfinder optional		Electronic viewfinder (2330k dots)
3.0" LCD – 614k dots		3.0" LCD – 1040k dots
Fixed touchscreen		Tilting touchscreen
3 shutter flaps per second		10 shutter flaps per second
In-body stabilization		Lens-based stabilization
330 shots per battery charge		380 shots per battery charge
122 x 69 x 34 mm, 369 g		112 x 69 x 42 mm, 327 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Olympus PEN E-P3 and the Panasonic Lumix DC-TZ95? Which one should you buy? Read on to find out how these two cameras compare with respect to their body size, their imaging sensors, their shooting features, their input-output connections, and their reception by expert reviewers.

Body comparison

An illustration of the physical size and weight of the Olympus E-P3 and the Panasonic TZ95 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three successive views from the front, the top, and the rear are shown. All width, height and depth dimensions are rounded to the nearest millimeter.

The E-P3 can be obtained in three different colors (black, silver, white), while the TZ95 is available in two color-versions (black, silver).

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic TZ95 is notably smaller (8 percent) than the Olympus E-P3. In this context, it is worth noting that neither the E-P3 nor the TZ95 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the TZ95 has a lens built in, whereas the E-P3 is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup. You can compare the optics available for the E-P3 and their specifications in the Micro Four Thirds Lens Catalog.

Concerning battery life, the E-P3 gets 330 shots out of its Olympus BLS-5 battery, while the TZ95 can take 380 images on a single charge of its Panasonic DMW-BLG10 power pack. The power pack in the TZ95 can be charged via the USB port, which can be very convenient when travelling.

The adjacent table lists the principal physical characteristics of the two cameras alongside a wider set of alternatives. If you want to switch the focus of the display and review another camera pair, you can move across to the CAM-parator tool and choose from the broad selection of possible camera comparisons there.

Body Specifications

#		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price (USD)	Street Price
1.		Olympus E-P3	122 mm	69 mm	34 mm	369 g	330	n	Jun 2011	799	ebay.com
2.		Panasonic TZ95	112 mm	69 mm	42 mm	327 g	380	n	Feb 2019	449	ebay.com
3.		Canon SX740	110 mm	64 mm	40 mm	299 g	265	n	Jul 2018	399	amazon.com
4.		Fujifilm XF10	113 mm	64 mm	41 mm	279 g	330	n	Jul 2018	499	ebay.com
5.		Olympus E-P5	122 mm	69 mm	37 mm	420 g	330	n	May 2013	999	ebay.com
6.		Olympus E-PL5	111 mm	64 mm	38 mm	325 g	360	n	Sep 2012	599	ebay.com
7.		Olympus E-PL2	114 mm	72 mm	42 mm	362 g	280	n	Jan 2011	599	ebay.com
8.		Olympus E-PL3	110 mm	64 mm	37 mm	313 g	300	n	Jun 2011	599	ebay.com
9.		Olympus E-PM1	110 mm	64 mm	34 mm	265 g	330	n	Jun 2011	499	ebay.com
10.		Olympus E-PL1	115 mm	72 mm	42 mm	334 g	290	n	Feb 2010	599	ebay.com
11.		Olympus E-P1	121 mm	70 mm	36 mm	355 g	300	n	Jun 2009	799	ebay.com
12.		Olympus E-P2	121 mm	70 mm	36 mm	355 g	300	n	Nov 2009	799	ebay.com
13.		Panasonic FT7	117 mm	76 mm	37 mm	319 g	300	Y	May 2018	449	ebay.com
14.		Panasonic LX100 II	115 mm	66 mm	65 mm	392 g	300	n	Aug 2018	999	ebay.com
15.		Panasonic TZ90	112 mm	67 mm	41 mm	322 g	380	n	Apr 2017	449	ebay.com
16.		Panasonic GX1	116 mm	68 mm	39 mm	318 g	320	n	Nov 2011	699	ebay.com
17.		Panasonic G10	124 mm	84 mm	74 mm	388 g	380	n	Mar 2010	499	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
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The price is, of course, an important factor in any camera decision. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The TZ95 was launched at a lower price than the E-P3, despite having a lens built in. Normally, street prices remain initially close to the MSRP, but after a couple of months, the first discounts appear. Later in the product cycle and, in particular, when the replacement model is about to appear, further discounting and stock clearance sales often push the camera price considerably down.

Sensor comparison

The size of the sensor inside a digital camera is one of the key determinants of image quality. A large sensor will tend to have larger individual pixels that provide better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixel-units in a sensor of the same technological generation. Further, a large sensor camera will give the photographer additional creative options when using shallow depth-of-field to isolate a subject from its background. On the downside, larger sensors tend to be associated with larger, more expensive camera bodies and lenses.

Of the two cameras under consideration, the Olympus E-P3 features a Four Thirds sensor and the Panasonic TZ95 a 1/2.3-inch sensor. The sensor area in the TZ95 is 88 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 2.0 and 5.6. Both cameras feature a native aspect ratio (sensor width to sensor height) of 4:3.

Despite having a smaller sensor, the TZ95 offers a higher resolution of 20.2 megapixels, compared with 12.2 MP of the E-P3. This megapixels advantage comes at the cost of a higher pixel density and a smaller size of the individual pixel (with a pixel pitch of 1.18μm versus 4.29μm for the E-P3). However, it should be noted that the TZ95 is much more recent (by 7 years and 7 months) than the E-P3, and its sensor will have benefitted from technological advances during this time that make it possible to gather light more efficiently. Coming back to sensor resolution, it should be mentioned that the TZ95 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The resolution advantage of the Panasonic TZ95 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the TZ95 for good quality output (200 dots per inch) amounts to 25.9 x 19.4 inches or 65.8 x 49.4 cm, for very good quality (250 dpi) 20.7 x 15.6 inches or 52.7 x 39.5 cm, and for excellent quality (300 dpi) 17.3 x 13 inches or 43.9 x 32.9 cm. The corresponding values for the Olympus E-P3 are 20.2 x 15.1 inches or 51.2 x 38.4 cm for good quality, 16.1 x 12.1 inches or 41 x 30.7 cm for very good quality, and 13.4 x 10.1 inches or 34.1 x 25.6 cm for excellent quality prints.

The Olympus PEN E-P3 has a native sensitivity range from ISO 200 to ISO 12800. The corresponding ISO settings for the Panasonic Lumix DC-TZ95 are ISO 80 to ISO 3200, with the possibility to increase the ISO range to 80-6400.

In terms of underlying technology, the E-P3 is build around a CMOS sensor, while the TZ95 uses a BSI-CMOS imager. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

Consistent information on actual sensor performance is available from DXO Mark for many cameras. This service assesses and scores the color depth ("DXO Portrait"), dynamic range ("DXO Landscape"), and low-light sensitivity ("DXO Sports") of camera sensors, and also publishes an overall camera score. The following table provides an overview of the physical sensor characteristics, as well as the sensor quality measurements for a selection of comparators.

Sensor Characteristics

#		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Olympus E-P3	Four Thirds	12.2	4032	3024	1080/60i	20.8	10.1	536	51
2.		Panasonic TZ95	1/2.3	20.2	5184	3888	4K/30p	20.7	12.2	1103	52
3.		Canon SX740	1/2.3	20.2	5184	3888	4K/30p	20.6	12.1	1050	51
4.		Fujifilm XF10	APS-C	24.0	6000	4000	4K/15p	24.0	13.4	1844	83
5.		Olympus E-P5	Four Thirds	15.9	4608	3456	1080/30p	22.8	12.4	895	72
6.		Olympus E-PL5	Four Thirds	15.9	4608	3456	1080/30p	22.8	12.3	889	72
7.		Olympus E-PL2	Four Thirds	12.2	4032	3024	720/30p	21.4	10.2	573	55
8.		Olympus E-PL3	Four Thirds	12.2	4032	3024	1080/60i	20.9	10.3	499	52
9.		Olympus E-PM1	Four Thirds	12.2	4032	3024	1080/60i	21.0	10.3	499	52
10.		Olympus E-PL1	Four Thirds	12.2	4032	3024	720/30p	21.5	10.1	487	54
11.		Olympus E-P1	Four Thirds	12.2	4032	3024	720/30p	21.4	10.4	536	55
12.		Olympus E-P2	Four Thirds	12.2	4032	3024	720/30p	21.5	10.4	505	56
13.		Panasonic FT7	1/2.3	20.2	5184	3888	4K/30p	20.6	12.1	1028	51
14.		Panasonic LX100 II	Four Thirds	16.8	4736	3552	4K/30p	22.8	12.7	979	72
15.		Panasonic TZ90	1/2.3	20.2	5184	3888	4K/30p	19.1	10.6	106	36
16.		Panasonic GX1	Four Thirds	15.8	4592	3448	1080/60p	20.8	10.6	703	55
17.		Panasonic G10	Four Thirds	12.0	4000	3000	720/30p	21.2	10.1	411	52
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras cannot only take still pictures, but also record videos. Both cameras under consideration are equipped with sensors that have a sufficiently high read-out speed for moving images, but the TZ95 provides a better video resolution than the E-P3. It can shoot movie footage at 4K/30p, while the Olympus is limited to 1080/60i.

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. For example, the TZ95 has an electronic viewfinder (2330k dots), which can be very helpful when shooting in bright sunlight. In contrast, the E-P3 relies on live view and the rear LCD for framing. That said, the E-P3 can be equipped with an optional viewfinder – the VF-3. The following table reports on some other key feature differences and similarities of the Olympus E-P3, the Panasonic TZ95, and comparable cameras.

Core Features

#		Camera Model	Viewfinder (Type or 000 dots)	Control Panel (yes/no)	LCD Specifications (inch/000 dots)	LCD Attach- ment	Touch Screen (yes/no)	Max Shutter Speed *	Max Shutter Flaps *	Built-in Flash (yes/no)	Built-in Image Stab
1.		Olympus E-P3	optional	n	3.0 / 614	fixed	Y	1/4000s	3.0/s	Y	Y
2.		Panasonic TZ95	2330	n	3.0 / 1040	tilting	Y	1/2000s	10.0/s	Y	Y
3.		Canon SX740	none	n	3.0 / 922	tilting	n	1/3200s	10.0/s	Y	Y
4.		Fujifilm XF10	none	n	3.0 / 1040	fixed	Y	1/4000s	6.0/s	Y	n
5.		Olympus E-P5	optional	n	3.0 / 1037	tilting	Y	1/8000s	9.0/s	Y	Y
6.		Olympus E-PL5	optional	n	3.0 / 460	tilting	Y	1/4000s	8.0/s	n	Y
7.		Olympus E-PL2	optional	n	3.0 / 460	fixed	n	1/4000s	3.0/s	Y	Y
8.		Olympus E-PL3	optional	n	3.0 / 460	tilting	n	1/4000s	5.5/s	n	Y
9.		Olympus E-PM1	optional	n	3.0 / 460	fixed	n	1/4000s	5.5/s	n	Y
10.		Olympus E-PL1	optional	n	2.7 / 230	fixed	n	1/2000s	3.0/s	Y	Y
11.		Olympus E-P1	none	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
12.		Olympus E-P2	optional	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
13.		Panasonic FT7	1170	n	3.0 / 1040	fixed	n	1/1300s	10.0/s	Y	Y
14.		Panasonic LX100 II	2764	n	3.0 / 1240	fixed	Y	1/4000s	11.0/s	n	Y
15.		Panasonic TZ90	1166	n	3.0 / 1040	tilting	Y	1/2000s	10.0/s	Y	Y
16.		Panasonic GX1	optional	n	3.0 / 460	fixed	Y	1/4000s	4.2/s	Y	n
17.		Panasonic G10	202	n	3.0 / 460	fixed	n	1/4000s	2.6/s	Y	n
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

The reported shutter speed information refers to the use of the mechanical shutter. Yet, some cameras only have an electronic shutter, while others have an electronic shutter in addition to a mechanical one. In fact, the TZ95 is one of those camera that have an additional electronic shutter, which makes completely silent shooting possible. However, this mode is less suitable for photographing moving objects (risk of rolling shutter) or shooting under artificial light sources (risk of flickering).

Concerning the storage of imaging data, both the E-P3 and the TZ95 write their files to SDXC cards. Both cameras can use UHS-I cards, which provide for Ultra High Speed data transfer of up to 104 MB/s.

Connectivity comparison

For some imaging applications, the extent to which a camera can communicate with its environment can be an important aspect in the camera decision process. The table below provides an overview of the connectivity of the Olympus PEN E-P3 and Panasonic Lumix DC-TZ95 and, in particular, the interfaces the cameras (and selected comparators) provide for accessory control and data transfer.

Input-Output Connections

#		Camera Model	Hotshoe Port	Internal Mic / Speaker	Microphone Port	Headphone Port	HDMI Port	USB Port	WiFi Support	NFC Support	Bluetooth Support
1.		Olympus E-P3	Y	stereo / -	-	-	mini	2.0	-	-	-
2.		Panasonic TZ95	-	stereo / mono	-	-	micro	2.0	Y	-	Y
3.		Canon SX740	-	stereo / mono	-	-	micro	2.0	Y	-	Y
4.		Fujifilm XF10	-	stereo / mono	Y	-	micro	2.0	Y	-	Y
5.		Olympus E-P5	Y	stereo / mono	-	-	micro	2.0	Y	-	-
6.		Olympus E-PL5	Y	stereo / mono	-	-	mini	2.0	-	-	-
7.		Olympus E-PL2	Y	stereo / -	-	-	mini	2.0	-	-	-
8.		Olympus E-PL3	Y	stereo / -	-	-	mini	2.0	-	-	-
9.		Olympus E-PM1	Y	stereo / mono	-	-	mini	2.0	-	-	-
10.		Olympus E-PL1	Y	stereo / -	-	-	mini	2.0	-	-	-
11.		Olympus E-P1	Y	stereo / -	-	-	mini	2.0	-	-	-
12.		Olympus E-P2	Y	stereo / -	-	-	mini	2.0	-	-	-
13.		Panasonic FT7	-	stereo / mono	-	-	micro	2.0	Y	-	-
14.		Panasonic LX100 II	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
15.		Panasonic TZ90	-	stereo / mono	-	-	micro	2.0	Y	-	-
16.		Panasonic GX1	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Panasonic G10	Y	mono / -	-	-	mini	2.0	-	-	-

It is notable that the E-P3 has a hotshoe, while the TZ95 does not. This socket makes it possible to easily attach optional accessories, such as an external flash gun.

Both the E-P3 and the TZ95 have been discontinued, but can regularly be found used on ebay. The E-P3 was replaced by the Olympus E-P5, while the TZ95 does not have a direct successor. Further information on the features and operation of the E-P3 and TZ95 can be found, respectively, in the Olympus E-P3 Manual (free pdf) or the online Panasonic TZ95 Manual.

Review summary

So what is the bottom line? Is there a clear favorite between the Olympus E-P3 and the Panasonic TZ95? Which camera is better? The listing below highlights the relative strengths of the two models.

Arguments in favor of the Olympus PEN E-P3:

• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Better image quality: Features bigger pixels on a larger sensor for higher quality imaging.
• Richer colors: The pixel size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger pixels capture a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger pixels means good image quality even under poor lighting.
• Faster shutter: Has higher mechanical shutter speed (1/4000s vs 1/2000s) to freeze action.
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• Better lighting: Features a hotshoe and can thus hold and trigger an external flash gun.
• More heavily discounted: Has been available for much longer (launched in June 2011).

Reasons to prefer the Panasonic Lumix DC-TZ95:

• More detail: Has more megapixels (20.2 vs 12.2MP), which boosts linear resolution by 29%.
• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better video: Provides higher definition movie capture (4K/30p vs 1080/60i).
• Easier framing: Has an electronic viewfinder for image composition and settings control.
• More detailed LCD: Has a higher resolution rear screen (1040k vs 614k dots).
• More flexible LCD: Has a tilting screen for odd-angle shots in landscape orientation.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster burst: Shoots at higher frequency (10 vs 3 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Ready to shoot: Has an integrated lens, whereas the E-P3 necessitates an extra lens.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the E-P3).
• Longer lasting: Gets more shots (380 versus 330) out of a single battery charge.
• Easier travel charging: Can be conveniently charged via its USB port.
• Easier file upload: Has wifi built in for automatic backup or image transfer to the web.
• Easier wireless transfer: Supports Bluetooth for image sharing without cables.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More modern: Reflects 7 years and 7 months of technical progress since the E-P3 launch.

If the count of individual advantages (bullet points above) is taken as a guide, the TZ95 is the clear winner of the contest (17 : 9 points). However, the relevance of individual strengths will vary across photographers, so that you might want to apply your own weighing scheme to the summary points when reflecting and deciding on a new camera. A professional wildlife photographer will view the differences between cameras in a way that diverges from the perspective of a family photog, and a person interested in architecture has distinct needs from a sports shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

How about other alternatives? Do the specifications of the Olympus E-P3 and the Panasonic TZ95 place the cameras among the top in their class? Find out in the latest Best Mirrorless Interchangeable Lens Camera and Best Superzoom Camera listings whether the two cameras rank among the cream of the crop.

In any case, while the comparison of technical specifications can provide a useful overview of the capabilities of different cameras, it remains incomplete and does no justice, for example, to the way the E-P3 or the TZ95 perform in practice. User reviews, such as those found at amazon, can sometimes inform about these issues, but such feedback is often incomplete, inconsistent, and biased.

Expert reviews

This is where reviews by experts come in. The table below provides a synthesis of the camera assessments of some of the best known photo-gear review sites (amateurphotographer [AP], cameralabs [CL], digitalcameraworld [DCW], dpreview [DPR], ephotozine [EPZ], photographyblog [PB]). As can be seen, the professional reviewers agree in many cases on the quality of different cameras, but sometimes their assessments diverge, reinforcing the earlier point that a camera decision is often a very personal choice.

Expert Camera Reviews

#		Camera   Model	AP   score	CL   score	DCW   score	DPR   score	EPZ   score	PB   score	Camera Launch	Launch Price (USD)	Street Price
1.		Olympus E-P3	..	83/100	..	74/100	4.5/5	4.5/5	Jun 2011	799	ebay.com
2.		Panasonic TZ95	..	+ +	..	..	4.5/5	..	Feb 2019	449	ebay.com
3.		Canon SX740	..	+	3.5/5	..	4/5	4/5	Jul 2018	399	amazon.com
4.		Fujifilm XF10	..	..	4/5	75/100	4/5	4.5/5	Jul 2018	499	ebay.com
5.		Olympus E-P5	5/5	+ +	..	78/100	4.5/5	5/5	May 2013	999	ebay.com
6.		Olympus E-PL5	3/5	+ +	..	..	4.5/5	4.5/5	Sep 2012	599	ebay.com
7.		Olympus E-PL2	3/5	83/100	..	71/100	4.5/5	4.5/5	Jan 2011	599	ebay.com
8.		Olympus E-PL3	3/5	+ +	..	72/100	4.5/5	4/5	Jun 2011	599	ebay.com
9.		Olympus E-PM1	..	86/100	..	71/100	4.5/5	4.5/5	Jun 2011	499	ebay.com
10.		Olympus E-PL1	..	86/100	..	69/100	4/5	4.5/5	Feb 2010	599	ebay.com
11.		Olympus E-P1	..	+	..	66/100	4/5	4.5/5	Jun 2009	799	ebay.com
12.		Olympus E-P2	3/5	+	..	69/100	4/5	4.5/5	Nov 2009	799	ebay.com
13.		Panasonic FT7	..	+	..	..	3.5/5	3.5/5	May 2018	449	ebay.com
14.		Panasonic LX100 II	4.5/5	+	4.2/5	82/100	4.5/5	4.5/5	Aug 2018	999	ebay.com
15.		Panasonic TZ90	..	+ +	4/5	..	4/5	4/5	Apr 2017	449	ebay.com
16.		Panasonic GX1	3/5	+	..	77/100	4.5/5	4.5/5	Nov 2011	699	ebay.com
17.		Panasonic G10	3/5	..	..	70/100	4/5	4/5	Mar 2010	499	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The assessments were made in relation to similar cameras of the same technological generation. A score, therefore, has to be seen in close connection to the price and market introduction time of the camera, and rating-comparisons among cameras that span long time periods or concern very differently equipped models make little sense. Also, please note that some of the review sites have changed their methodology and reporting over time.

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Other camera comparisons

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